Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Polish New Zloty/Mexican Peso (FOREX:PLNMXN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 PLNMXN
The long term trend has been DOWN since Jan 24th, 2019 at 5.00935
The intermediate term trend has been UP since Mar 3rd, 2019 at 5.10615
The short term trend has been DOWN since Mar 11th, 2019 at 5.06880
Smart Scan Analysis for PLNMXN
Based on a pre-defined weighted trend formula for chart analysis, PLNMXN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).