Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Papua New Guinea Kina/US Dollar (FOREX:PGKUSD)
Bear Market Rally (-75) - PGKUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PGKUSD as it may be in the beginning of a reversal.
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 DOWN since Apr 15th, 2020 at 0.28709308
The intermediate-term trend has been DOWN since May 14th, 2020 at 0.28681509
The short-term trend has been UP since May 20th, 2020 at 0.28978706
Smart Scan Analysis for PGKUSD
Based on our trend formula, PGKUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).