Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Canadian Dollar/Polish New Zloty (FOREX:CADPLN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CADPLN
The long term trend has been UP since Feb 22nd, 2019 at 2.912600
The intermediate term trend has been UP since Jun 20th, 2019 at 2.860145
The short term trend has been DOWN since Jul 16th, 2019 at 2.898520
Smart Scan Analysis for CADPLN
Based on a pre-defined weighted trend formula for chart analysis, CADPLN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).