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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Polish New Zloty/South African Rand (FOREX:PLNZAR)

Countertrend Up (+85) - PLNZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_PLNZAR
Open High Low PLNZAR Price Change
4.77270 4.78100 4.76865 4.78055 +0.00785
Entry Signal

MarketClub’s Trade Triangles for PLNZAR

long term up The long-term trend has been UP since Nov 22nd, 2023 at 4.71180

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 4.75615

short term up The short-term trend has been UP since Mar 18th, 2024 at 4.76410

Smart Scan Analysis for PLNZAR

Based on our trend formula, PLNZAR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for PLNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.77270 4.78100 4.76865 4.78055 +0.00785
Prev. Close Volume Bid Ask Time
4.77270 2024-03-19 02:15:38
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