Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Polish New Zloty/Israeli Shekel (FOREX:PLNILS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 PLNILS
The long term trend has been UP since Nov 1st, 2019 at 0.9251841
The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.9032509
The short term trend has been DOWN since Jan 17th, 2020 at 0.9063847
Smart Scan Analysis for PLNILS
Based on a pre-defined weighted trend formula for chart analysis, PLNILS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).