Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
Polish New Zloty/Swiss Franc (FOREX:PLNCHF)
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 PLNCHF
The long term trend has been DOWN since Jan 2nd, 2019 at 0.260520
The intermediate term trend has been DOWN since Feb 10th, 2019 at 0.262380
The short term trend has been UP since Feb 19th, 2019 at 0.262705
Smart Scan Analysis for PLNCHF
Based on a pre-defined weighted trend formula for chart analysis, PLNCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).