Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
US Dollar/Panamanian Balboa (FOREX:USDPAB)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDPAB
The long term trend has been DOWN since Jun 10th, 2018 at 0.996045
The intermediate term trend has been DOWN since Aug 19th, 2018 at 0.997235
The short term trend has been DOWN since Aug 13th, 2018 at 0.998250
Smart Scan Analysis for USDPAB
Based on a pre-defined weighted trend formula for chart analysis, USDPAB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).