Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Polish New Zloty/Canadian Dollar (FOREX:PLNCAD)
Long-Term Downtrend (-90) - PLNCAD is in a strong downtrend that is likely to continue. While PLNCAD 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 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 28th, 2021 at 0.319735
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.324495
The short-term trend has been DOWN since Oct 15th, 2021 at 0.313215
Smart Scan Analysis for PLNCAD
Based on our trend formula, PLNCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).