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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/Polish New Zloty (FOREX:GBPPLN)

Crossroads (+60) - GBPPLN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_GBPPLN
Open High Low GBPPLN Price Change
5.057270 5.059030 5.055840 5.056545 -0.000725
Entry Signal

MarketClub’s Trade Triangles for GBPPLN

long term down The long-term trend has been DOWN since Oct 17th, 2023 at 5.103205

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 5.063330

short term up The short-term trend has been UP since Mar 15th, 2024 at 5.034515

Smart Scan Analysis for GBPPLN

Based on our trend formula, GBPPLN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.057270 5.059030 5.055840 5.056545 -0.000725
Prev. Close Volume Bid Ask Time
5.057270 2024-03-19 01:10:59
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