Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
US Dollar/Panamanian Balboa (FOREX:USDPAB)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDPAB
The long term trend has been DOWN since Jun 9th, 2019 at 0.9956500
The intermediate term trend has been UP since Jan 20th, 2020 at 1.0012193
The short term trend has been UP since Jan 20th, 2020 at 1.0012193
Smart Scan Analysis for USDPAB
Based on a pre-defined weighted trend formula for chart analysis, USDPAB scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).