Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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 Nov 6th, 2023 at 0.25016263
The intermediate-term trend has been DOWN since Oct 19th, 2023 at 0.25501301
The short-term trend has been DOWN since Oct 19th, 2023 at 0.25501301
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).