Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Polish New Zloty/British Pound (FOREX:PLNGBP)
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 PLNGBP
The long term trend has been DOWN since Sep 9th, 2019 at 0.20592
The intermediate term trend has been DOWN since Aug 15th, 2019 at 0.20924
The short term trend has been UP since Sep 9th, 2019 at 0.20773
Smart Scan Analysis for PLNGBP
Based on a pre-defined weighted trend formula for chart analysis, PLNGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).