Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Polish New Zloty/US Dollar (FOREX:PLNUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 PLNUSD
The long term trend has been DOWN since Jul 31st, 2019 at 0.257935
The intermediate term trend has been UP since Oct 14th, 2019 at 0.256920
The short term trend has been UP since Oct 10th, 2019 at 0.254495
Smart Scan Analysis for PLNUSD
Based on a pre-defined weighted trend formula for chart analysis, PLNUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).