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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.

FOREX_PLNMXN
Open High Low PLNMXN Price Change
5.0741 5.0933 5.0696 5.0892 +0.0151
Entry Signal

MarketClub’s Trade Triangles for PLNMXN

long term down The long-term trend has been DOWN since Mar 26th, 2021 at 5.2151

intermediate term down The intermediate-term trend has been DOWN since Oct 22nd, 2021 at 5.0915

short term down 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).

-90
Smart Scan Analysis for PLNMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0741 5.0933 5.0696 5.0892 +0.0151
Prev. Close Volume Bid Ask Time
5.0741 2021-10-26 14:53:14
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