Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Euro/Panamanian Balboa (FOREX:EURPAB)
Long-Term Downtrend (-90) - EURPAB is in a strong downtrend that is likely to continue. While EURPAB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURPAB?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURPAB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURPAB
The long-term trend has been DOWN since Aug 9th, 2021 at 1.1777
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 1.1766
The short-term trend has been DOWN since Sep 16th, 2021 at 1.1776
Smart Scan Analysis for EURPAB
Based on our trend formula, EURPAB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).