Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
Polish New Zloty/Swiss Franc (FOREX:PLNCHF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 PLNCHF
The long term trend has been DOWN since Jan 2nd, 2019 at 0.26052
The intermediate term trend has been UP since Oct 10th, 2019 at 0.25389
The short term trend has been UP since Oct 10th, 2019 at 0.25326
Smart Scan Analysis for PLNCHF
Based on a pre-defined weighted trend formula for chart analysis, PLNCHF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).