Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Polish New Zloty/US Dollar (FOREX:PLNUSD)
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 PLNUSD
The long term trend has been DOWN since May 1st, 2018 at 0.28479
The intermediate term trend has been UP since Jun 3rd, 2019 at 0.26172
The short term trend has been DOWN since Jun 14th, 2019 at 0.26478
Smart Scan Analysis for PLNUSD
Based on a pre-defined weighted trend formula for chart analysis, PLNUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).