Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
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 1.005390
The intermediate term trend has been DOWN since Aug 15th, 2019 at 0.997705
The short term trend has been DOWN since Aug 11th, 2019 at 1.000705
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).