Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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 UP since Mar 1st, 2020 at 5.07745
The intermediate-term trend has been DOWN since May 10th, 2020 at 5.62350
The short-term trend has been UP since May 27th, 2020 at 5.52795
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).