Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Swiss Franc/Polish New Zloty (FOREX:CHFPLN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 CHFPLN
The long term trend has been UP since Dec 25th, 2019 at 4.054215
The intermediate term trend has been DOWN since Jan 14th, 2020 at 3.898275
The short term trend has been UP since Jan 16th, 2020 at 3.926740
Smart Scan Analysis for CHFPLN
Based on a pre-defined weighted trend formula for chart analysis, CHFPLN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).