Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Euro/Panamanian Balboa (FOREX:EURPAB)
Bear Market Rally (-75) - EURPAB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURPAB as it may be in the beginning of a reversal.
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 Sep 21st, 2023 at 1.0693
The intermediate-term trend has been UP since Oct 29th, 2023 at 1.0551
The short-term trend has been DOWN since Dec 3rd, 2023 at 1.0915
Smart Scan Analysis for EURPAB
Based on our trend formula, EURPAB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).