Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
Polish New Zloty/Japanese Yen (FOREX:PLNJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 PLNJPY
The long term trend has been DOWN since Mar 1st, 2018 at 31.0925
The intermediate term trend has been DOWN since Feb 5th, 2018 at 32.3150
The short term trend has been UP since Mar 20th, 2018 at 31.0750
Smart Scan Analysis for PLNJPY
Based on a pre-defined weighted trend formula for chart analysis, PLNJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).