Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Chinese Renminbi Yuan/Polish New Zloty (FOREX:CNYPLN)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 CNYPLN
The long term trend has been DOWN since Sep 20th, 2018 at 0.533190
The intermediate term trend has been UP since Oct 4th, 2018 at 0.546475
The short term trend has been UP since Nov 18th, 2018 at 0.548670
Smart Scan Analysis for CNYPLN
Based on a pre-defined weighted trend formula for chart analysis, CNYPLN scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).