Forex Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
Swiss Franc/Polish New Zloty (FOREX:CHFPLN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CHFPLN
The long term trend has been DOWN since Mar 17th, 2017 at 3.987450
The intermediate term trend has been DOWN since Mar 8th, 2018 at 3.581920
The short term trend has been UP since Apr 22nd, 2018 at 3.489705
Smart Scan Analysis for CHFPLN
Based on a pre-defined weighted trend formula for chart analysis, CHFPLN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).