Forex Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
US Dollar/Pakistani Rupee (FOREX:USDPKR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 USDPKR
The long term trend has been DOWN since Jan 15th, 2019 at 122.84
The intermediate term trend has been DOWN since Jan 9th, 2019 at 138.86
The short term trend has been UP since Jan 20th, 2019 at 139.88
Smart Scan Analysis for USDPKR
Based on a pre-defined weighted trend formula for chart analysis, USDPKR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).