Forex Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
Polish New Zloty/Czech Koruna (FOREX:PLNCZK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Jan 4th, 2019 at 5.96245
The intermediate term trend has been DOWN since Dec 13th, 2018 at 6.00375
The short term trend has been UP since Jan 16th, 2019 at 5.96230
Smart Scan Analysis for PLNCZK
Based on a pre-defined weighted trend formula for chart analysis, PLNCZK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).