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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Polish New Zloty/Mexican Peso (FOREX:PLNMXN)
Long-Term Uptrend (+90) - PLNMXN is in a strong uptrend that is likely to continue. While PLNMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid PLNMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNMXN.
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 PLNMXN
The long-term trend has been UP since Apr 18th, 2024 at 4.31925
The intermediate-term trend has been UP since Apr 18th, 2024 at 4.19855
The short-term trend has been UP since May 9th, 2024 at 4.23660
Smart Scan Analysis for PLNMXN
Based on our trend formula, PLNMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.22895 | 4.25585 | 4.22480 | 4.24195 | +0.01300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.22895 | 2024-05-09 12:45:44 |