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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Polish New Zloty/United Arab Emirates Dirham (FOREX:PLNAED)

Bear Market Rally (-75) - PLNAED is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PLNAED as it may be in the beginning of a reversal.

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.

FOREX_PLNAED
Open High Low PLNAED Price Change
0.7970443 0.7983136 0.7930288 0.7936532 -0.0033910
Entry Signal

MarketClub’s Trade Triangles for PLNAED

long term down The long-term trend has been DOWN since Feb 24th, 2022 at 0.8733163

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 0.8021430

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.8057276

Smart Scan Analysis for PLNAED

Based on our trend formula, PLNAED is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for PLNAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7970443 0.7983136 0.7930288 0.7936532 -0.0033910
Prev. Close Volume Bid Ask Time
0.7970443 2022-08-16 05:13:43
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