Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
Canadian Dollar/Polish New Zloty (FOREX:CADPLN)
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 CADPLN
The long term trend has been DOWN since Oct 25th, 2017 at 2.82810
The intermediate term trend has been UP since Apr 3rd, 2018 at 2.67060
The short term trend has been DOWN since Apr 16th, 2018 at 2.67665
Smart Scan Analysis for CADPLN
Based on a pre-defined weighted trend formula for chart analysis, CADPLN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).