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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Canadian Dollar/Polish New Zloty (FOREX:CADPLN)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_CADPLN
Open High Low CADPLN Price Change
2.946545 2.951900 2.945250 2.948650 +0.002105
Entry Signal

MarketClub’s Trade Triangles for CADPLN

long term down The long term trend has been DOWN since Jan 14th, 2020 at 2.891380

intermediate term up The intermediate term trend has been UP since Jan 27th, 2020 at 2.942580

short term up The short term trend has been UP since Jan 24th, 2020 at 2.931405

Smart Scan Analysis for CADPLN

Based on a pre-defined weighted trend formula for chart analysis, CADPLN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for CADPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.946545 2.951900 2.945250 2.948650 +0.002105
Prev. Close Volume Bid Ask Time
2.946545 2.947890 2.949410 2020-01-29 06:41:39
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