Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Polish New Zloty/South African Rand (FOREX:PLNZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 PLNZAR
The long term trend has been UP since Jun 8th, 2018 at 3.61130
The intermediate term trend has been UP since Aug 9th, 2018 at 3.67175
The short term trend has been DOWN since Sep 19th, 2018 at 4.02910
Smart Scan Analysis for PLNZAR
Based on a pre-defined weighted trend formula for chart analysis, PLNZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).