Forex Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
Papua New Guinea Kina/Australian Dollar (FOREX:PGKAUD)
Long-Term Downtrend (-90) - PGKAUD is in a strong downtrend that is likely to continue. While PGKAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid PGKAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PGKAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PGKAUD
The long-term trend has been DOWN since Jun 3rd, 2020 at 0.43985471
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.36859810
The short-term trend has been DOWN since Apr 8th, 2021 at 0.36871951
Smart Scan Analysis for PGKAUD
Based on our trend formula, PGKAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).