Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Australian Dollar/Papua New Guinea Kina (FOREX:AUDPGK)
Bear Market Rally (-75) - AUDPGK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDPGK as it may be in the beginning of a reversal.
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 DOWN since May 11th, 2022 at 2.4924939
The intermediate-term trend has been UP since Jul 24th, 2022 at 2.4359013
The short-term trend has been DOWN since Aug 17th, 2022 at 2.4565452
Smart Scan Analysis for AUDPGK
Based on our trend formula, AUDPGK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).