Forex Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
/Polish New Zloty (FOREX:RONPLN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 RONPLN
The long term trend has been DOWN since Oct 20th, 2017 at 0.919885
The intermediate term trend has been DOWN since Oct 13th, 2017 at 0.926940
The short term trend has been UP since Nov 14th, 2017 at 0.912470
Smart Scan Analysis for RONPLN
Based on a pre-defined weighted trend formula for chart analysis, RONPLN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).