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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Polish New Zloty/Brazilian Real (FOREX:PLNBRL)

Strong Downtrend (-100) - PLNBRL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, PLNBRL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid PLNBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for PLNBRL.

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FOREX_PLNBRL
Open High Low PLNBRL Price Change
1.1015852 1.1034810 1.0934228 1.0943041 -0.0072810
Entry Signal

MarketClub’s Trade Triangles for PLNBRL

long term down The long-term trend has been DOWN since Jul 28th, 2022 at 1.1038156

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2022 at 1.1038156

short term down The short-term trend has been DOWN since Aug 19th, 2022 at 1.0980040

Smart Scan Analysis for PLNBRL

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

-100
Smart Scan Analysis for PLNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1015852 1.1034810 1.0934228 1.0943041 -0.0072810
Prev. Close Volume Bid Ask Time
1.1015852 2022-08-19 06:52:29
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