Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Polish New Zloty/British Pound (FOREX:PLNGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 PLNGBP
The long term trend has been UP since May 24th, 2019 at 0.205725
The intermediate term trend has been DOWN since Aug 15th, 2019 at 0.209240
The short term trend has been DOWN since Aug 14th, 2019 at 0.213450
Smart Scan Analysis for PLNGBP
Based on a pre-defined weighted trend formula for chart analysis, PLNGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).