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Forex Trend Analysis Report
Prepared for you on Thursday, May 16, 2024.
Panamanian Balboa/US Dollar (FOREX:PABUSD)
Crossroads (+60) - PABUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PABUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PABUSD.
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 PABUSD
The long-term trend has been DOWN since Apr 30th, 2024 at 0.9945833
The intermediate-term trend has been UP since May 9th, 2024 at 1.0031117
The short-term trend has been UP since May 9th, 2024 at 1.0027910
Smart Scan Analysis for PABUSD
Based on our trend formula, PABUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0024642 | 1.0024642 | 1.0024642 | 1.0024642 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9997008 | 2024-05-14 21:01:01 |