Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Polish New Zloty/British Pound (FOREX:PLNGBP)
Countertrend Down (-85) - PLNGBP 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 PLNGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNGBP
The long-term trend has been DOWN since Sep 28th, 2020 at 0.199325
The intermediate-term trend has been DOWN since Dec 24th, 2020 at 0.199255
The short-term trend has been UP since Feb 26th, 2021 at 0.192545
Smart Scan Analysis for PLNGBP
Based on our trend formula, PLNGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).