Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Australian Dollar/Papua New Guinea Kina (FOREX:AUDPGK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 AUDPGK
The long term trend has been DOWN since Jan 2nd, 2019 at 2.36205
The intermediate term trend has been DOWN since Jul 30th, 2019 at 2.34740
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 -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).