Forex Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
Polish New Zloty/United Arab Emirates Dirham (FOREX:PLNAED)
Long-Term Downtrend (-90) - PLNAED is in a strong downtrend that is likely to continue. While PLNAED 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 PLNAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNAED
The long-term trend has been DOWN since Sep 6th, 2023 at 0.8632984
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 0.9077784
The short-term trend has been DOWN since Oct 3rd, 2023 at 0.8321182
Smart Scan Analysis for PLNAED
Based on our trend formula, PLNAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).