Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
US Dollar/Polish New Zloty (FOREX:USDPLN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 USDPLN
The long term trend has been UP since May 1st, 2018 at 3.511520
The intermediate term trend has been UP since Aug 10th, 2018 at 3.742085
The short term trend has been DOWN since Aug 17th, 2018 at 3.754500
Smart Scan Analysis for USDPLN
Based on a pre-defined weighted trend formula for chart analysis, USDPLN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).