Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Polish New Zloty/US Dollar (FOREX:PLNUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 PLNUSD
The long term trend has been UP since Nov 1st, 2019 at 0.26240204
The intermediate term trend has been UP since Dec 30th, 2019 at 0.26367567
The short term trend has been DOWN since Jan 17th, 2020 at 0.26211690
Smart Scan Analysis for PLNUSD
Based on a pre-defined weighted trend formula for chart analysis, PLNUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).