Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Polish New Zloty/Mexican Peso (FOREX:PLNMXN)
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 PLNMXN
The long term trend has been UP since Jun 6th, 2018 at 5.60565
The intermediate term trend has been UP since Jun 4th, 2018 at 5.49785
The short term trend has been DOWN since Jun 15th, 2018 at 5.61625
Smart Scan Analysis for PLNMXN
Based on a pre-defined weighted trend formula for chart analysis, PLNMXN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).