Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
US Dollar/Panamanian Balboa (FOREX:USDPAB)
Countertrend Up (+85) - USDPAB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDPAB?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPAB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDPAB
The long-term trend has been UP since Dec 22nd, 2020 at 1.0052059
The intermediate-term trend has been UP since Apr 18th, 2021 at 1.0022247
The short-term trend has been UP since Apr 6th, 2021 at 0.9997019
Smart Scan Analysis for USDPAB
Based on our trend formula, USDPAB is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).