Forex Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
Polish New Zloty/New Zealand Dollar (FOREX:PLNNZD)
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 PLNNZD
The long term trend has been DOWN since Nov 1st, 2018 at 0.397325
The intermediate term trend has been DOWN since Jan 15th, 2019 at 0.390735
The short term trend has been DOWN since Jan 22nd, 2019 at 0.391485
Smart Scan Analysis for PLNNZD
Based on a pre-defined weighted trend formula for chart analysis, PLNNZD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).