Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Papua New Guinea Kina/Australian Dollar (FOREX:PGKAUD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 PGKAUD
The long term trend has been UP since Jan 2nd, 2019 at 0.42354
The intermediate term trend has been DOWN since Jun 26th, 2019 at 0.42421
The short term trend has been DOWN since Jul 15th, 2019 at 0.42188
Smart Scan Analysis for PGKAUD
Based on a pre-defined weighted trend formula for chart analysis, PGKAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).