Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Polish New Zloty/United Arab Emirates Dirham (FOREX:PLNAED)
Sidelines Mode (+55) - PLNAED 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 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 Aug 11th, 2021 at 0.9384502
The intermediate-term trend has been UP since Oct 19th, 2021 at 0.9367492
The short-term trend has been DOWN since Oct 21st, 2021 at 0.9277034
Smart Scan Analysis for PLNAED
Based on our trend formula, PLNAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).