Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Euro/Panamanian Balboa (FOREX:EURPAB)
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 EURPAB
The long term trend has been DOWN since Apr 29th, 2018 at 1.2241
The intermediate term trend has been DOWN since Jul 9th, 2019 at 1.1207
The short term trend has been UP since Sep 13th, 2019 at 1.1031
Smart Scan Analysis for EURPAB
Based on a pre-defined weighted trend formula for chart analysis, EURPAB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).