Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
South African Rand/Polish New Zloty (FOREX:ZARPLN)
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 ZARPLN
The long term trend has been DOWN since Jun 8th, 2018 at 0.276915
The intermediate term trend has been DOWN since Jun 6th, 2018 at 0.284745
The short term trend has been UP since Jun 22nd, 2018 at 0.275000
Smart Scan Analysis for ZARPLN
Based on a pre-defined weighted trend formula for chart analysis, ZARPLN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).