Forex Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
Polish New Zloty/Israeli Shekel (FOREX:PLNILS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 PLNILS
The long term trend has been UP since May 16th, 2017 at 0.94760
The intermediate term trend has been UP since Nov 14th, 2017 at 0.97917
The short term trend has been DOWN since Nov 19th, 2017 at 0.97643
Smart Scan Analysis for PLNILS
Based on a pre-defined weighted trend formula for chart analysis, PLNILS scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).