Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Australian Dollar/Papua New Guinea Kina (FOREX:AUDPGK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 AUDPGK
The long term trend has been UP since Nov 3rd, 2019 at 2.3477172
The intermediate term trend has been DOWN since Nov 13th, 2019 at 2.3231610
The short term trend has been UP since Nov 16th, 2019 at 2.3369227
Smart Scan Analysis for AUDPGK
Based on a pre-defined weighted trend formula for chart analysis, AUDPGK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).