Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Polish New Zloty/Japanese Yen (FOREX:PLNJPY)
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 PLNJPY
The long term trend has been DOWN since May 8th, 2019 at 28.6855
The intermediate term trend has been UP since Jun 7th, 2019 at 28.7480
The short term trend has been DOWN since Jun 12th, 2019 at 28.7525
Smart Scan Analysis for PLNJPY
Based on a pre-defined weighted trend formula for chart analysis, PLNJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).