Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
US Dollar/Papua New Guinea Kina (FOREX:USDPGK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 USDPGK
The long term trend has been UP since May 31st, 2018 at 3.29215
The intermediate term trend has been UP since Nov 20th, 2018 at 3.37260
The short term trend has been UP since Jan 20th, 2019 at 3.36390
Smart Scan Analysis for USDPGK
Based on a pre-defined weighted trend formula for chart analysis, USDPGK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).