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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Polish New Zloty/Mexican Peso (FOREX:PLNMXN)

Long-Term Uptrend (+90) - PLNMXN is in a strong uptrend that is likely to continue. While PLNMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

FOREX_PLNMXN
Open High Low PLNMXN Price Change
4.25960 4.28325 4.22355 4.22810 -0.03150
Entry Signal

MarketClub’s Trade Triangles for PLNMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 4.31925

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2024 at 4.19855

short term up The short-term trend has been UP since Apr 16th, 2024 at 4.15405

Smart Scan Analysis for PLNMXN

Based on our trend formula, PLNMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for PLNMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.25960 4.28325 4.22355 4.22810 -0.03150
Prev. Close Volume Bid Ask Time
4.25960 2024-04-19 17:02:38
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