Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
British Pound/Polish New Zloty (FOREX:GBPPLN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 GBPPLN
The long term trend has been UP since Jan 24th, 2019 at 4.958500
The intermediate term trend has been DOWN since May 15th, 2019 at 4.933475
The short term trend has been DOWN since May 8th, 2019 at 4.999315
Smart Scan Analysis for GBPPLN
Based on a pre-defined weighted trend formula for chart analysis, GBPPLN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).