EURPLZ Euro in Polish Zloty Very Large Five Day Gain
Euro finished Wednesday up .4% at PLN3.9653 and very large 5 day gain of 1.3%. Today we study at what happened in the past when (EURPLZ) saw very large five day gain in May?
Historical percent-change performance of Euro in Polish Zlotys (EURPLZ) over the next 25 trading days when the following conditions are true: the month is May and Very large five day gain; omitting any repeat occurrences within 10 trading days. According to the 5 previous occurrences of this event, EURPLZ has shown a very strong bullish edge that peaks 20 trading days after the event. Thus, the projected date for the peak of the bullish edge relative to the current event date (Wednesday, 25 May 2011) is Thursday, 23 June 2011. EURPLZ rallies in 100% of the cases (5 of 5) by an average of 2.0% relative to the close on the event date. The overall return of the 5 cases is 2.0%, which, based on the close of EURPLZ on the event date (3.9653), provides a target price of 4.0446.
