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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.
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MarketClub’s Trade Triangles for PABUSD
The long-term trend has been DOWN since Aug 13th, 2023 at 0.9974174
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.9998176
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).
| 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 |