Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Polish New Zloty/Mexican Peso (FOREX:PLNMXN)
Long-Term Downtrend (-90) - PLNMXN is in a strong downtrend that is likely to continue. While PLNMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for PLNMXN
The long-term trend has been DOWN since Mar 26th, 2021 at 5.2151
The intermediate-term trend has been DOWN since Oct 22nd, 2021 at 5.0915
The short-term trend has been DOWN since Oct 15th, 2021 at 5.2014
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).