Forex Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
Polish New Zloty/South African Rand (FOREX:PLNZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 PLNZAR
The long term trend has been UP since Jun 8th, 2018 at 3.61130
The intermediate term trend has been DOWN since Sep 24th, 2018 at 3.89535
The short term trend has been UP since Nov 9th, 2018 at 3.77535
Smart Scan Analysis for PLNZAR
Based on a pre-defined weighted trend formula for chart analysis, PLNZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).