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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

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.

FOREX_PLNMXN
Open High Low PLNMXN Price Change
4.40615 4.42400 4.40175 4.42390 +0.01775
Entry Signal

MarketClub’s Trade Triangles for PLNMXN

long term down The long-term trend has been DOWN since Feb 23rd, 2022 at 4.98670

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 4.46470

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 4.38585

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).

+55
Smart Scan Analysis for PLNMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.40615 4.42400 4.40175 4.42390 +0.01775
Prev. Close Volume Bid Ask Time
4.40615 2022-08-11 05:04:19
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