Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Polish New Zloty/Euro (FOREX:PLNEUR)
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 PLNEUR
The long term trend has been DOWN since Aug 9th, 2017 at 0.234195
The intermediate term trend has been UP since Oct 13th, 2017 at 0.234635
The short term trend has been DOWN since Nov 13th, 2017 at 0.235900
Smart Scan Analysis for PLNEUR
Based on a pre-defined weighted trend formula for chart analysis, PLNEUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).