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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Polish New Zloty/South African Rand (FOREX:PLNZAR)
Bear Market Rally (-75) - PLNZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PLNZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid PLNZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNZAR.
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 PLNZAR
The long-term trend has been DOWN since Apr 16th, 2024 at 4.63675
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 4.62105
The short-term trend has been UP since May 6th, 2024 at 4.62025
Smart Scan Analysis for PLNZAR
Based on our trend formula, PLNZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6425 | 4.6487 | 4.6227 | 4.6395 | -0.0030 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6425 | 2024-05-09 10:24:38 |