Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Polish New Zloty/Israeli Shekel (FOREX:PLNILS)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 PLNILS
The long term trend has been DOWN since May 8th, 2018 at 1.00460
The intermediate term trend has been DOWN since Apr 30th, 2018 at 1.02490
The short term trend has been DOWN since May 15th, 2018 at 0.99771
Smart Scan Analysis for PLNILS
Based on a pre-defined weighted trend formula for chart analysis, PLNILS scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).