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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Polish New Zloty/Japanese Yen (FOREX:PLNJPY)
Sidelines Mode (+55) - PLNJPY 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 PLNJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNJPY.
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 PLNJPY
The long-term trend has been UP since Feb 20th, 2024 at 37.5855
The intermediate-term trend has been UP since Apr 25th, 2024 at 38.7925
The short-term trend has been DOWN since May 1st, 2024 at 38.3970
Smart Scan Analysis for PLNJPY
Based on our trend formula, PLNJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38.077934 | 38.077934 | 38.077934 | 38.077934 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 38.077934 | 2024-05-05 01:03:46 |