Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Polish New Zloty/Canadian Dollar (FOREX:PLNCAD)
Countertrend Down (-85) - PLNCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid PLNCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNCAD
The long-term trend has been DOWN since Sep 7th, 2023 at 0.317760
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 0.327105
The short-term trend has been UP since Oct 2nd, 2023 at 0.311010
Smart Scan Analysis for PLNCAD
Based on our trend formula, PLNCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).