Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Panamanian Balboa/US Dollar (FOREX:PABUSD)
Sidelines Mode (-55) - PABUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PABUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PABUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PABUSD
The long-term trend has been UP since Aug 15th, 2021 at 1.0036723
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 1.0003170
The short-term trend has been UP since Sep 29th, 2021 at 0.9998603
Smart Scan Analysis for PABUSD
Based on our trend formula, PABUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).