Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Polish New Zloty/Colombian Peso (FOREX:PLNCOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Aug 21st, 2018 at 807.055
The intermediate term trend has been UP since Oct 11th, 2018 at 828.060
The short term trend has been UP since Nov 14th, 2018 at 835.055
Smart Scan Analysis for PLNCOP
Based on a pre-defined weighted trend formula for chart analysis, PLNCOP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).