Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Polish New Zloty/Hungarian Forint (FOREX:PLNHUF)

Sidelines Mode (+55) - PLNHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid PLNHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for PLNHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	PLNHUF Price	Change
90.38300	90.58606	90.26506	90.55572	+0.17272
Entry Signal

MarketClub’s Trade Triangles for PLNHUF

The long-term trend has been UP since Jan 29th, 2024 at 89.06948

The intermediate-term trend has been DOWN since Apr 4th, 2024 at 91.15594

The short-term trend has been UP since May 7th, 2024 at 90.32825

Smart Scan Analysis for PLNHUF

Based on our trend formula, PLNHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
90.38300	90.58606	90.26506	90.55572	+0.17272
Prev. Close	Volume	Bid	Ask	Time
90.38300				2024-05-09 11:39:58

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