Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Polish New Zloty/Japanese Yen (FOREX:PLNJPY)
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 PLNJPY
The long term trend has been UP since Apr 23rd, 2017 at 28.5570
The intermediate term trend has been UP since Oct 18th, 2017 at 31.4545
The short term trend has been DOWN since Dec 12th, 2017 at 31.6605
Smart Scan Analysis for PLNJPY
Based on a pre-defined weighted trend formula for chart analysis, PLNJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).