Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Canadian Dollar/Polish New Zloty (FOREX:CADPLN)
Crossroads (+60) - CADPLN 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 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 Oct 15th, 2020 at 2.944840
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 3.066475
The short-term trend has been DOWN since Apr 1st, 2021 at 3.118115
Smart Scan Analysis for CADPLN
Based on our trend formula, CADPLN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).