Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Japanese Yen/Polish New Zloty (FOREX:JPYPLN)
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 JPYPLN
The long term trend has been UP since Dec 23rd, 2018 at 0.034029
The intermediate term trend has been DOWN since Feb 28th, 2019 at 0.034009
The short term trend has been DOWN since Mar 12th, 2019 at 0.034266
Smart Scan Analysis for JPYPLN
Based on a pre-defined weighted trend formula for chart analysis, JPYPLN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).