Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Polish New Zloty/Colombian Peso (FOREX:PLNCOP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 PLNCOP
The long term trend has been DOWN since Mar 27th, 2018 at 824.505
The intermediate term trend has been DOWN since Mar 19th, 2018 at 831.330
The short term trend has been UP since May 21st, 2018 at 797.260
Smart Scan Analysis for PLNCOP
Based on a pre-defined weighted trend formula for chart analysis, PLNCOP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).