Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Polish New Zloty/Australian Dollar (FOREX:PLNAUD)
Long-Term Downtrend (-90) - PLNAUD is in a strong downtrend that is likely to continue. While PLNAUD 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 PLNAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNAUD
The long-term trend has been DOWN since Sep 21st, 2020 at 0.361665
The intermediate-term trend has been DOWN since Feb 19th, 2021 at 0.344885
The short-term trend has been DOWN since Feb 4th, 2021 at 0.349825
Smart Scan Analysis for PLNAUD
Based on our trend formula, PLNAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).