Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Pakistani Rupee/Euro (FOREX:PKREUR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 PKREUR
The long term trend has been DOWN since May 16th, 2019 at 0.006240
The intermediate term trend has been UP since Aug 11th, 2019 at 0.005611
The short term trend has been DOWN since Sep 13th, 2019 at 0.005762
Smart Scan Analysis for PKREUR
Based on a pre-defined weighted trend formula for chart analysis, PKREUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).