Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Colombian Peso/Polish New Zloty (FOREX:COPPLN)
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 COPPLN
The long term trend has been DOWN since Aug 21st, 2018 at 0.001235
The intermediate term trend has been DOWN since Oct 11th, 2018 at 0.001208
The short term trend has been UP since Nov 19th, 2018 at 0.001196
Smart Scan Analysis for COPPLN
Based on a pre-defined weighted trend formula for chart analysis, COPPLN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).