Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Romanian Leu/Polish New Zloty (FOREX:RONPLN)
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 RONPLN
The long term trend has been DOWN since Jan 1st, 2019 at 0.916945
The intermediate term trend has been UP since Jul 9th, 2019 at 0.903580
The short term trend has been DOWN since Jul 15th, 2019 at 0.900905
Smart Scan Analysis for RONPLN
Based on a pre-defined weighted trend formula for chart analysis, RONPLN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).