Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Polish New Zloty/Mexican Peso (FOREX:PLNMXN)
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 PLNMXN
The long term trend has been UP since Oct 9th, 2017 at 5.07000
The intermediate term trend has been UP since Nov 15th, 2017 at 5.35805
The short term trend has been DOWN since Jan 16th, 2018 at 5.51710
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).