Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Polish New Zloty/Israeli Shekel (FOREX:PLNILS)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 PLNILS
The long term trend has been DOWN since May 8th, 2018 at 1.004600
The intermediate term trend has been UP since Sep 25th, 2018 at 0.981940
The short term trend has been DOWN since Oct 18th, 2018 at 0.979015
Smart Scan Analysis for PLNILS
Based on a pre-defined weighted trend formula for chart analysis, PLNILS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).