Forex Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
Polish New Zloty/Mexican Peso (FOREX:PLNMXN)
Sidelines Mode (-55) - PLNMXN 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 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 2nd, 2023 at 4.07745
The intermediate-term trend has been DOWN since Sep 11th, 2023 at 4.03095
The short-term trend has been UP since Sep 20th, 2023 at 3.94950
Smart Scan Analysis for PLNMXN
Based on our trend formula, PLNMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).