Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Polish New Zloty/Japanese Yen (FOREX:PLNJPY)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Dec 23rd, 2018 at 29.3855
The intermediate term trend has been DOWN since Feb 11th, 2019 at 28.7925
The short term trend has been DOWN since Feb 14th, 2019 at 28.7610
Smart Scan Analysis for PLNJPY
Based on a pre-defined weighted trend formula for chart analysis, PLNJPY scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).