Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Mexican Peso/Polish New Zloty (FOREX:MXNPLN)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MXNPLN
The long term trend has been UP since Jun 28th, 2018 at 0.19015
The intermediate term trend has been UP since Sep 19th, 2018 at 0.19662
The short term trend has been UP since Oct 14th, 2018 at 0.19727
Smart Scan Analysis for MXNPLN
Based on a pre-defined weighted trend formula for chart analysis, MXNPLN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).