Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Panamanian Balboa/US Dollar (FOREX:PABUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 PABUSD
The long term trend has been UP since Jan 9th, 2019 at 1.007750
The intermediate term trend has been UP since Jan 7th, 2019 at 1.002895
The short term trend has been UP since Feb 15th, 2019 at 1.000625
Smart Scan Analysis for PABUSD
Based on a pre-defined weighted trend formula for chart analysis, PABUSD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).