Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Australian Dollar/Papua New Guinea Kina (FOREX:AUDPGK)
Countertrend Up (+85) - AUDPGK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid AUDPGK?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDPGK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDPGK
The long-term trend has been UP since Jun 3rd, 2020 at 2.2744978
The intermediate-term trend has been UP since Nov 4th, 2020 at 2.5237651
The short-term trend has been UP since Nov 27th, 2020 at 2.5844063
Smart Scan Analysis for AUDPGK
Based on our trend formula, AUDPGK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).