Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Polish New Zloty/Swedish Krona (FOREX:PLNSEK)
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 PLNSEK
The long term trend has been DOWN since Jun 14th, 2018 at 2.35810
The intermediate term trend has been UP since Jul 13th, 2018 at 2.40105
The short term trend has been DOWN since Jul 18th, 2018 at 2.39275
Smart Scan Analysis for PLNSEK
Based on a pre-defined weighted trend formula for chart analysis, PLNSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).