Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Polish New Zloty/Danish Krone (FOREX:PLNDKK)
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 PLNDKK
The long term trend has been DOWN since Mar 20th, 2018 at 1.76200
The intermediate term trend has been DOWN since Oct 8th, 2018 at 1.72725
The short term trend has been UP since Oct 12th, 2018 at 1.73455
Smart Scan Analysis for PLNDKK
Based on a pre-defined weighted trend formula for chart analysis, PLNDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).