Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
US Dollar/Panamanian Balboa (FOREX:USDPAB)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
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 UP since Sep 16th, 2018 at 1.006185
The intermediate term trend has been UP since Sep 2nd, 2018 at 1.005245
The short term trend has been DOWN since Oct 7th, 2018 at 0.997235
Smart Scan Analysis for USDPAB
Based on a pre-defined weighted trend formula for chart analysis, USDPAB scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).