Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

US Dollar/Papua New Guinea Kina (FOREX:USDPGK)

Bear Market Rally (-75) - USDPGK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDPGK as it may be in the beginning of a reversal.

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.

FOREX_USDPGK
Open High Low USDPGK Price Change
3.8877232 3.8943691 3.8877232 3.8936598 +0.0059370
Entry Signal

MarketClub’s Trade Triangles for USDPGK

long term down The long-term trend has been DOWN since Jun 13th, 2024 at 2.29625

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2024 at 3.81675

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 3.83000

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).

-80
Smart Scan Analysis for USDPGK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8877232 3.8943691 3.8877232 3.8936598 +0.0059370
Prev. Close Volume Bid Ask Time
3.8441971 2024-06-16 19:01:50
Get a free daily analysis and signals for US Dollar/Papua New Guinea Kina (USDPGK) - Request Your Free Report.