Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Canadian Dollar/Polish New Zloty (FOREX:CADPLN)
Sidelines Mode (+55) - CADPLN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Apr 3rd, 2020 at 2.99909
The intermediate-term trend has been UP since Apr 2nd, 2020 at 2.98369
The short-term trend has been DOWN since May 12th, 2020 at 3.00042
Smart Scan Analysis for CADPLN
Based on our trend formula, CADPLN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).