Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
US Dollar/Papua New Guinea Kina (FOREX:USDPGK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 DOWN since Oct 22nd, 2018 at 3.32605
The short term trend has been DOWN since Nov 14th, 2018 at 3.36100
Smart Scan Analysis for USDPGK
Based on a pre-defined weighted trend formula for chart analysis, USDPGK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).