Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Euro/Polish New Zloty (FOREX:EURPLN)
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 EURPLN
The long term trend has been DOWN since Nov 21st, 2017 at 4.221250
The intermediate term trend has been DOWN since Oct 13th, 2017 at 4.261395
The short term trend has been UP since Dec 12th, 2017 at 4.211500
Smart Scan Analysis for EURPLN
Based on a pre-defined weighted trend formula for chart analysis, EURPLN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).