Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Polish New Zloty/Mexican Peso (FOREX:PLNMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 PLNMXN
The long term trend has been UP since Nov 1st, 2018 at 5.33055
The intermediate term trend has been DOWN since Dec 12th, 2018 at 5.30250
The short term trend has been UP since Jan 2nd, 2019 at 5.25500
Smart Scan Analysis for PLNMXN
Based on a pre-defined weighted trend formula for chart analysis, PLNMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).