Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Euro/Papua New Guinea Kina (FOREX:EURPGK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 EURPGK
The long term trend has been UP since Nov 4th, 2019 at 3.8081
The intermediate term trend has been DOWN since Jan 24th, 2020 at 3.7867
The short term trend has been DOWN since Jan 24th, 2020 at 3.7894
Smart Scan Analysis for EURPGK
Based on a pre-defined weighted trend formula for chart analysis, EURPGK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).