Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Swiss Franc/Polish New Zloty (FOREX:CHFPLN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 CHFPLN
The long term trend has been DOWN since Nov 1st, 2019 at 3.858335
The intermediate term trend has been UP since Nov 11th, 2019 at 3.897515
The short term trend has been UP since Dec 4th, 2019 at 3.920370
Smart Scan Analysis for CHFPLN
Based on a pre-defined weighted trend formula for chart analysis, CHFPLN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).