Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Polish New Zloty/Danish Krone (FOREX:PLNDKK)
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 PLNDKK
The long term trend has been DOWN since Mar 20th, 2018 at 1.76200
The intermediate term trend has been UP since Nov 8th, 2018 at 1.74195
The short term trend has been DOWN since Dec 6th, 2018 at 1.73985
Smart Scan Analysis for PLNDKK
Based on a pre-defined weighted trend formula for chart analysis, PLNDKK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).