Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Papua New Guinea Kina/US Dollar (FOREX:PGKUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 PGKUSD
The long term trend has been DOWN since Sep 19th, 2017 at 0.314340
The intermediate term trend has been UP since Oct 17th, 2019 at 0.294185
The short term trend has been UP since Oct 17th, 2019 at 0.294030
Smart Scan Analysis for PGKUSD
Based on a pre-defined weighted trend formula for chart analysis, PGKUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).