Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Romanian Leu/Polish New Zloty (FOREX:RONPLN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 RONPLN
The long term trend has been DOWN since Jan 1st, 2019 at 0.916945
The intermediate term trend has been DOWN since Jun 13th, 2019 at 0.900345
The short term trend has been UP since Jun 19th, 2019 at 0.902710
Smart Scan Analysis for RONPLN
Based on a pre-defined weighted trend formula for chart analysis, RONPLN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).