Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Papua New Guinea Kina/US Dollar (FOREX:PGKUSD)
Countertrend Up (+85) - PGKUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid PGKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PGKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PGKUSD
The long-term trend has been UP since Jun 2nd, 2021 at 0.28511741
The intermediate-term trend has been UP since Oct 14th, 2021 at 0.28487120
The short-term trend has been UP since Oct 14th, 2021 at 0.28478269
Smart Scan Analysis for PGKUSD
Based on our trend formula, PGKUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).