Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Euro/Polish New Zloty (FOREX:EURPLN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 EURPLN
The long term trend has been UP since Aug 9th, 2017 at 4.271200
The intermediate term trend has been DOWN since Oct 13th, 2017 at 4.261395
The short term trend has been UP since Oct 20th, 2017 at 4.243100
Smart Scan Analysis for EURPLN
Based on a pre-defined weighted trend formula for chart analysis, EURPLN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).