Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
Polish New Zloty/Kenyan Shilling (FOREX:PLNKES)
Sidelines Mode (+55) - PLNKES 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 PLNKES?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNKES.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNKES
The long-term trend has been UP since Nov 11th, 2022 at 26.356206
The intermediate-term trend has been UP since Oct 6th, 2023 at 33.738181
The short-term trend has been DOWN since Dec 1st, 2023 at 38.244854
Smart Scan Analysis for PLNKES
Based on our trend formula, PLNKES is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).