Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Polish New Zloty/Mexican Peso (FOREX:PLNMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 PLNMXN
The long term trend has been UP since Oct 9th, 2017 at 5.07000
The intermediate term trend has been DOWN since Mar 8th, 2018 at 5.46005
The short term trend has been DOWN since Mar 20th, 2018 at 5.44015
Smart Scan Analysis for PLNMXN
Based on a pre-defined weighted trend formula for chart analysis, PLNMXN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).