Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
Czech Koruna/Polish New Zloty (FOREX:CZKPLN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 CZKPLN
The long term trend has been DOWN since Oct 14th, 2019 at 0.166191
The intermediate term trend has been DOWN since Oct 10th, 2019 at 0.167044
The short term trend has been UP since Oct 17th, 2019 at 0.166846
Smart Scan Analysis for CZKPLN
Based on a pre-defined weighted trend formula for chart analysis, CZKPLN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).