Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Papua New Guinea Kina/Danish Krone (FOREX:PGKDKK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 PGKDKK
The long term trend has been DOWN since Feb 8th, 2019 at 1.98765
The intermediate term trend has been DOWN since Mar 21st, 2019 at 1.93745
The short term trend has been DOWN since Mar 13th, 2019 at 1.95825
Smart Scan Analysis for PGKDKK
Based on a pre-defined weighted trend formula for chart analysis, PGKDKK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).