Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Polish New Zloty/Czech Koruna (FOREX:PLNCZK)
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 PLNCZK
The long term trend has been DOWN since Jun 15th, 2017 at 6.21015
The intermediate term trend has been DOWN since Sep 14th, 2017 at 6.08440
The short term trend has been DOWN since Oct 18th, 2017 at 6.06800
Smart Scan Analysis for PLNCZK
Based on a pre-defined weighted trend formula for chart analysis, PLNCZK scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).