Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Panamanian Balboa/US Dollar (FOREX:PABUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Jun 23rd, 2019 at 1.0053900
The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.9992867
The short term trend has been DOWN since Jan 20th, 2020 at 0.9992867
Smart Scan Analysis for PABUSD
Based on a pre-defined weighted trend formula for chart analysis, PABUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).