Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Polish New Zloty/Czech Koruna (FOREX:PLNCZK)
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 PLNCZK
The long term trend has been DOWN since Aug 6th, 2019 at 5.96315
The intermediate term trend has been UP since Oct 10th, 2019 at 5.98645
The short term trend has been UP since Oct 2nd, 2019 at 5.91015
Smart Scan Analysis for PLNCZK
Based on a pre-defined weighted trend formula for chart analysis, PLNCZK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).