Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Australian Dollar/Papua New Guinea Kina (FOREX:AUDPGK)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 DOWN since Jan 2nd, 2019 at 2.36205
The intermediate term trend has been UP since Sep 5th, 2019 at 2.30695
The short term trend has been UP since Aug 11th, 2019 at 2.30490
Smart Scan Analysis for AUDPGK
Based on a pre-defined weighted trend formula for chart analysis, AUDPGK scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).