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.
MarketClub’s Trade Triangles for PLNZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 3.6118
The intermediate term trend has been DOWN since Jan 4th, 2019 at 3.7249
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).