Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Canadian Dollar/Polish New Zloty (FOREX:CADPLN)
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 CADPLN
The long term trend has been UP since May 1st, 2018 at 2.73975
The intermediate term trend has been DOWN since Jul 17th, 2018 at 2.78711
The short term trend has been UP since Jul 18th, 2018 at 2.81245
Smart Scan Analysis for CADPLN
Based on a pre-defined weighted trend formula for chart analysis, CADPLN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).