Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Euro/Pakistani Rupee (FOREX:EURPKR)
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 EURPKR
The long term trend has been DOWN since Jan 15th, 2019 at 141.310
The intermediate term trend has been DOWN since Jan 15th, 2019 at 157.740
The short term trend has been UP since Feb 18th, 2019 at 158.195
Smart Scan Analysis for EURPKR
Based on a pre-defined weighted trend formula for chart analysis, EURPKR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).