Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
Polish New Zloty/Hungarian Forint (FOREX:PLNHUF)
Bull Market Weakness (+75) - PLNHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PLNHUF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid PLNHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNHUF
The long-term trend has been DOWN since Jan 19th, 2021 at 78.82966
The intermediate-term trend has been UP since Sep 5th, 2021 at 77.39050
The short-term trend has been UP since Oct 6th, 2021 at 78.59100
Smart Scan Analysis for PLNHUF
Based on our trend formula, PLNHUF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).