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Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Euro/Polish New Zloty (FOREX:EURPLN)
Sidelines Mode (-55) - EURPLN 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 EURPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURPLN
The long-term trend has been UP since Mar 1st, 2022 at 4.718765
The intermediate-term trend has been DOWN since Aug 3rd, 2022 at 4.691500
The short-term trend has been UP since Aug 15th, 2022 at 4.691900
Smart Scan Analysis for EURPLN
Based on our trend formula, EURPLN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.683900 | 4.706600 | 4.660340 | 4.663055 | -0.020845 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.683900 | 2022-08-16 20:39:46 |