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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Panamanian Balboa/US Dollar (FOREX:PABUSD)

Long-Term Downtrend (-90) - PABUSD is in a strong downtrend that is likely to continue. While PABUSD 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 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.

FOREX_PABUSD
Open High Low PABUSD Price Change
0.9998058 0.9998058 0.9981900 0.9981900 -0.0016160
Entry Signal

MarketClub’s Trade Triangles for PABUSD

long term down The long-term trend has been DOWN since Aug 13th, 2023 at 0.9974174

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.9998176

short term down The short-term trend has been DOWN since Nov 21st, 2023 at 0.9999271

Smart Scan Analysis for PABUSD

Based on our trend formula, PABUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PABUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9998058 0.9998058 0.9981900 0.9981900 -0.0016160
Prev. Close Volume Bid Ask Time
1.0000092 2023-12-03 20:55:50
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