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Forex Trend Analysis Report

Prepared for you on Monday, January 21, 2019.

Polish New Zloty/South African Rand (FOREX:PLNZAR)

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.

FOREX_PLNZAR
Open High Low PLNZAR Price Change
3.67665 3.68490 3.66580 3.66790 -0.00875
Entry Signal

MarketClub’s Trade Triangles for PLNZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 3.6118

intermediate term down The intermediate term trend has been DOWN since Jan 4th, 2019 at 3.7249

short term up The short term trend has been UP since Jan 20th, 2019 at 3.6749

Smart Scan Analysis for PLNZAR

Based on a pre-defined weighted trend formula for chart analysis, PLNZAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for PLNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.67665 3.68490 3.66580 3.66790 -0.00875
Prev. Close Volume Bid Ask Time
3.67665 3.66580 3.67000 2019-01-21 16:40:27
Want to analyze Polish New Zloty/South African Rand PLNZAR or another symbol? Try our Free Forex Trend Analysis Report.