Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Polish New Zloty/United Arab Emirates Dirham (FOREX:PLNAED)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 PLNAED
The long term trend has been UP since Nov 1st, 2019 at 0.9637323
The intermediate term trend has been UP since Dec 2nd, 2019 at 0.9503303
The short term trend has been DOWN since Jan 17th, 2020 at 0.9627826
Smart Scan Analysis for PLNAED
Based on a pre-defined weighted trend formula for chart analysis, PLNAED scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).