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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Polish New Zloty (FOREX:CADPLN)
Strong Downtrend (-100) - CADPLN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADPLN continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CADPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADPLN
The long-term trend has been DOWN since Nov 10th, 2023 at 2.99115
The intermediate-term trend has been DOWN since May 7th, 2024 at 2.91585
The short-term trend has been DOWN since Apr 30th, 2024 at 2.94365
Smart Scan Analysis for CADPLN
Based on our trend formula, CADPLN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.915190 | 2.920005 | 2.903165 | 2.907035 | -0.008155 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.915190 | 2024-05-09 15:23:43 |