Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
US Dollar/Papua New Guinea Kina (FOREX:USDPGK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 USDPGK
The long term trend has been UP since May 31st, 2018 at 3.29215
The intermediate term trend has been DOWN since Mar 20th, 2019 at 3.36000
The short term trend has been UP since Mar 12th, 2019 at 3.37545
Smart Scan Analysis for USDPGK
Based on a pre-defined weighted trend formula for chart analysis, USDPGK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).