Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
US Dollar/Papua New Guinea Kina (FOREX:USDPGK)
Sidelines Mode (-55) - USDPGK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDPGK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPGK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDPGK
The long-term trend has been UP since Dec 22nd, 2019 at 3.4565539
The intermediate-term trend has been DOWN since Mar 23rd, 2020 at 3.4050000
The short-term trend has been UP since Apr 2nd, 2020 at 3.4165000
Smart Scan Analysis for USDPGK
Based on our trend formula, USDPGK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).