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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Polish New Zloty/Hong Kong Dollar (FOREX:PLNHKD)

Sidelines Mode (+55) - PLNHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PLNHKD
Open High Low PLNHKD Price Change
1.97945 1.98125 1.97855 1.97865 -0.00080
Entry Signal

MarketClub’s Trade Triangles for PLNHKD

long term up The long-term trend has been UP since Jul 12th, 2024 at 2.0023

intermediate term up The intermediate-term trend has been UP since Jul 1st, 2024 at 1.9589

short term down The short-term trend has been DOWN since Jul 16th, 2024 at 1.9886

Smart Scan Analysis for PLNHKD

Based on our trend formula, PLNHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for PLNHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.97945 1.98125 1.97855 1.97865 -0.00080
Prev. Close Volume Bid Ask Time
1.97945 2024-07-24 02:27:58
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