Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
US Dollar/Papua New Guinea Kina (FOREX:USDPGK)
Countertrend Up (+85) - USDPGK 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 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 Jun 19th, 2023 at 3.5960441
The intermediate-term trend has been UP since Nov 14th, 2023 at 3.7746500
The short-term trend has been UP since Dec 8th, 2023 at 3.7292100
Smart Scan Analysis for USDPGK
Based on our trend formula, USDPGK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).