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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.

FOREX_PLNILS
Open High Low PLNILS Price Change
0.8904088 0.8911107 0.8883312 0.8887267 -0.0016820
Entry Signal

MarketClub’s Trade Triangles for PLNILS

long term up The long term trend has been UP since Nov 1st, 2019 at 0.9251841

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.9032509

short term down 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).

-70
Smart Scan Analysis for PLNILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8904088 0.8911107 0.8883312 0.8887267 -0.0016820
Prev. Close Volume Bid Ask Time
0.8904088 0.8877804 0.8896729 2020-01-29 07:21:36
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