Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Canadian Dollar/Polish New Zloty (FOREX:CADPLN)
Long-Term Downtrend (-90) - CADPLN is in a strong downtrend that is likely to continue. While CADPLN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CADPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADPLN
The long-term trend has been DOWN since Oct 26th, 2022 at 3.476695
The intermediate-term trend has been DOWN since Mar 1st, 2023 at 3.249495
The short-term trend has been DOWN since Mar 21st, 2023 at 3.199550
Smart Scan Analysis for CADPLN
Based on our trend formula, CADPLN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).