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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Polish New Zloty (FOREX:GBPPLN)
Strong Downtrend (-100) - GBPPLN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPPLN continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPLN.
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 GBPPLN
The long-term trend has been DOWN since Oct 17th, 2023 at 5.103205
The intermediate-term trend has been DOWN since May 8th, 2024 at 4.992975
The short-term trend has been DOWN since May 3rd, 2024 at 5.047445
Smart Scan Analysis for GBPPLN
Based on our trend formula, GBPPLN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.999955 | 5.000750 | 4.999075 | 4.999400 | -0.000555 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.999955 | 2024-05-09 00:28:43 |