Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Polish New Zloty/Norwegian Krone (FOREX:PLNNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 PLNNOK
The long term trend has been DOWN since Mar 2nd, 2018 at 2.2910
The intermediate term trend has been DOWN since Feb 25th, 2018 at 2.3101
The short term trend has been UP since Mar 22nd, 2018 at 2.2626
Smart Scan Analysis for PLNNOK
Based on a pre-defined weighted trend formula for chart analysis, PLNNOK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).