Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Polish New Zloty/Colombian Peso (FOREX:PLNCOP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 PLNCOP
The long term trend has been DOWN since Mar 27th, 2018 at 824.505
The intermediate term trend has been DOWN since Jul 2nd, 2018 at 773.745
The short term trend has been DOWN since Jul 13th, 2018 at 773.800
Smart Scan Analysis for PLNCOP
Based on a pre-defined weighted trend formula for chart analysis, PLNCOP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).