Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Euro/Papua New Guinea Kina (FOREX:EURPGK)
Strong Downtrend (-100) - EURPGK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURPGK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURPGK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURPGK
The long-term trend has been DOWN since Jul 2nd, 2021 at 4.1739
The intermediate-term trend has been DOWN since Aug 9th, 2021 at 4.1331
The short-term trend has been DOWN since Sep 13th, 2021 at 4.1419
Smart Scan Analysis for EURPGK
Based on our trend formula, EURPGK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).