Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
Polish New Zloty/United Arab Emirates Dirham (FOREX:PLNAED)
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 PLNAED
The long term trend has been DOWN since Sep 28th, 2018 at 1.000600
The intermediate term trend has been DOWN since Feb 8th, 2019 at 0.966455
The short term trend has been UP since Feb 18th, 2019 at 0.960100
Smart Scan Analysis for PLNAED
Based on a pre-defined weighted trend formula for chart analysis, PLNAED scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).