Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Polish New Zloty/Australian Dollar (FOREX:PLNAUD)
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 PLNAUD
The long term trend has been UP since Jan 1st, 2019 at 0.379700
The intermediate term trend has been DOWN since Aug 15th, 2019 at 0.373910
The short term trend has been DOWN since Aug 13th, 2019 at 0.379715
Smart Scan Analysis for PLNAUD
Based on a pre-defined weighted trend formula for chart analysis, PLNAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).