Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Polish New Zloty/British Pound (FOREX:PLNGBP)
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 PLNGBP
The long term trend has been DOWN since Sep 9th, 2019 at 0.20592000
The intermediate term trend has been UP since Dec 19th, 2019 at 0.20014500
The short term trend has been DOWN since Jan 16th, 2020 at 0.20093893
Smart Scan Analysis for PLNGBP
Based on a pre-defined weighted trend formula for chart analysis, PLNGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).