Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Chinese Yuan Renminbi/Polish New Zloty (FOREX:CNYPLN)
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 CNYPLN
The long term trend has been UP since Dec 4th, 2018 at 0.551255
The intermediate term trend has been DOWN since May 9th, 2019 at 0.562460
The short term trend has been DOWN since May 24th, 2019 at 0.556815
Smart Scan Analysis for CNYPLN
Based on a pre-defined weighted trend formula for chart analysis, CNYPLN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).