Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Polish New Zloty/Norwegian Krone (FOREX:PLNNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Nov 13th, 2017 at 2.25100
The intermediate term trend has been DOWN since Jan 8th, 2018 at 2.32900
The short term trend has been DOWN since Jan 16th, 2018 at 2.31285
Smart Scan Analysis for PLNNOK
Based on a pre-defined weighted trend formula for chart analysis, PLNNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).