Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Polish New Zloty/Canadian Dollar (FOREX:PLNCAD)
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 PLNCAD
The long term trend has been DOWN since May 1st, 2018 at 0.365020
The intermediate term trend has been UP since Nov 20th, 2018 at 0.350585
The short term trend has been DOWN since Dec 11th, 2018 at 0.352405
Smart Scan Analysis for PLNCAD
Based on a pre-defined weighted trend formula for chart analysis, PLNCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).