Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Polish New Zloty/US Dollar (FOREX:PLNUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 PLNUSD
The long term trend has been DOWN since May 1st, 2018 at 0.284790
The intermediate term trend has been UP since Dec 4th, 2018 at 0.266130
The short term trend has been DOWN since Jan 14th, 2019 at 0.266705
Smart Scan Analysis for PLNUSD
Based on a pre-defined weighted trend formula for chart analysis, PLNUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).