Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Euro/Panamanian Balboa (FOREX:EURPAB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURPAB
The long term trend has been DOWN since Apr 29th, 2018 at 1.2241
The intermediate term trend has been DOWN since Jan 20th, 2019 at 1.1412
The short term trend has been UP since Mar 17th, 2019 at 1.1302
Smart Scan Analysis for EURPAB
Based on a pre-defined weighted trend formula for chart analysis, EURPAB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).