Forex Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Papua New Guinea Kina/Euro (FOREX:PGKEUR)
Long-Term Downtrend (-90) - PGKEUR is in a strong downtrend that is likely to continue. While PGKEUR 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 PGKEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PGKEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PGKEUR
The long-term trend has been DOWN since Jul 2nd, 2020 at 0.25552801
The intermediate-term trend has been DOWN since Oct 20th, 2020 at 0.24039259
The short-term trend has been DOWN since Oct 20th, 2020 at 0.24248604
Smart Scan Analysis for PGKEUR
Based on our trend formula, PGKEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).