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Forex Trend Analysis Report
Prepared for you on Friday, May 20, 2022.
Euro/Papua New Guinea Kina (FOREX:EURPGK)
Long-Term Downtrend (-90) - EURPGK is in a strong downtrend that is likely to continue. While EURPGK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURPGK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURPGK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURPGK
The long-term trend has been DOWN since Jul 2nd, 2021 at 4.1739
The intermediate-term trend has been DOWN since Feb 28th, 2022 at 3.9723
The short-term trend has been DOWN since Apr 4th, 2022 at 3.8803
Smart Scan Analysis for EURPGK
Based on our trend formula, EURPGK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.7074 | 3.7074 | 3.7074 | 3.7074 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.7311 | 2022-05-16 03:53:37 |