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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 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.

FOREX_PLNZAR
Open High Low PLNZAR Price Change
4.73065 4.74355 4.63920 4.65765 -0.07300
Entry Signal

MarketClub’s Trade Triangles for PLNZAR

long term down The long-term trend has been DOWN since Apr 16th, 2024 at 4.63675

intermediate term up The intermediate-term trend has been UP since Apr 23rd, 2024 at 4.76235

short term down The short-term trend has been DOWN since Apr 25th, 2024 at 4.70120

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).

-75
Smart Scan Analysis for PLNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.73065 4.74355 4.63920 4.65765 -0.07300
Prev. Close Volume Bid Ask Time
4.73065 2024-04-26 17:04:46
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