Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
Polish New Zloty/Norwegian Krone (FOREX:PLNNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 PLNNOK
The long term trend has been DOWN since Mar 21st, 2019 at 2.24085
The intermediate term trend has been UP since Apr 25th, 2019 at 2.25410
The short term trend has been UP since May 20th, 2019 at 2.28120
Smart Scan Analysis for PLNNOK
Based on a pre-defined weighted trend formula for chart analysis, PLNNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).