Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
Polish New Zloty/Japanese Yen (FOREX:PLNJPY)
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 PLNJPY
The long term trend has been DOWN since May 8th, 2019 at 28.6855
The intermediate term trend has been DOWN since Jul 14th, 2019 at 28.4520
The short term trend has been UP since Aug 11th, 2019 at 27.5945
Smart Scan Analysis for PLNJPY
Based on a pre-defined weighted trend formula for chart analysis, PLNJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).