Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Japanese Yen/Polish New Zloty (FOREX:JPYPLN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 JPYPLN
The long term trend has been UP since May 8th, 2019 at 0.034859
The intermediate term trend has been DOWN since Sep 8th, 2019 at 0.036582
The short term trend has been UP since Sep 17th, 2019 at 0.036451
Smart Scan Analysis for JPYPLN
Based on a pre-defined weighted trend formula for chart analysis, JPYPLN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).