Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Papua New Guinea Kina/Australian Dollar (FOREX:PGKAUD)
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 PGKAUD
The long term trend has been UP since Jan 2nd, 2019 at 0.423540
The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.432895
The short term trend has been DOWN since Oct 13th, 2019 at 0.433525
Smart Scan Analysis for PGKAUD
Based on a pre-defined weighted trend formula for chart analysis, PGKAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).