Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
US Dollar/Pakistani Rupee (FOREX:USDPKR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 USDPKR
The long term trend has been DOWN since Oct 28th, 2019 at 155.60
The intermediate term trend has been DOWN since Oct 24th, 2019 at 155.75
The short term trend has been DOWN since Jan 8th, 2020 at 154.85
Smart Scan Analysis for USDPKR
Based on a pre-defined weighted trend formula for chart analysis, USDPKR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).