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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.

Open High Low PLNJPY Price Change
27.0760 27.0815 27.0615 27.0615 -0.0145
Entry Signal

MarketClub’s Trade Triangles for PLNJPY

long term down The long term trend has been DOWN since May 8th, 2019 at 28.6855

intermediate term down The intermediate term trend has been DOWN since Jul 14th, 2019 at 28.4520

short term up 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).

Smart Scan Analysis for PLNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.0760 27.0815 27.0615 27.0615 -0.0145
Prev. Close Volume Bid Ask Time
27.0760 27.0540 27.0690 2019-08-23 00:58:44
Want to analyze Polish New Zloty/Japanese Yen PLNJPY or another symbol? Try our Free Forex Trend Analysis Report.