Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
South African Rand/Polish New Zloty (FOREX:ZARPLN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 ZARPLN
The long term trend has been UP since Dec 3rd, 2018 at 0.27696
The intermediate term trend has been DOWN since Dec 10th, 2018 at 0.26466
The short term trend has been UP since Dec 12th, 2018 at 0.26624
Smart Scan Analysis for ZARPLN
Based on a pre-defined weighted trend formula for chart analysis, ZARPLN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).