Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Polish New Zloty/New Zealand Dollar (FOREX:PLNNZD)
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 PLNNZD
The long term trend has been DOWN since Dec 10th, 2019 at 0.39294
The intermediate term trend has been UP since Jan 13th, 2020 at 0.39725
The short term trend has been UP since Jan 21st, 2020 at 0.39631
Smart Scan Analysis for PLNNZD
Based on a pre-defined weighted trend formula for chart analysis, PLNNZD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).