Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
Mexican Peso/Polish New Zloty (FOREX:MXNPLN)
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 MXNPLN
The long term trend has been DOWN since Oct 9th, 2017 at 0.197250
The intermediate term trend has been DOWN since Nov 15th, 2017 at 0.186645
The short term trend has been UP since Nov 17th, 2017 at 0.190095
Smart Scan Analysis for MXNPLN
Based on a pre-defined weighted trend formula for chart analysis, MXNPLN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).