Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Polish New Zloty/Japanese Yen (FOREX:PLNJPY)
Sidelines Mode (-55) - PLNJPY 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 PLNJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNJPY
The long-term trend has been DOWN since Jul 20th, 2021 at 27.9915
The intermediate-term trend has been UP since Oct 10th, 2021 at 28.3385
The short-term trend has been DOWN since Oct 21st, 2021 at 28.8625
Smart Scan Analysis for PLNJPY
Based on our trend formula, PLNJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).