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.
MarketClub’s Trade Triangles for CADPLN
The long term trend has been DOWN since Jan 14th, 2020 at 2.891380
The intermediate term trend has been UP since Jan 27th, 2020 at 2.942580
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).