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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNBRL
The long-term trend has been DOWN since Jul 28th, 2022 at 1.1038156
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 1.1038156
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).