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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.

FOREX_PLNMXN
Open High Low PLNMXN Price Change
4.02095 4.03515 3.99315 4.01105 -0.00990
Entry Signal

MarketClub’s Trade Triangles for PLNMXN

long term down The long-term trend has been DOWN since Mar 2nd, 2023 at 4.07745

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2023 at 4.03095

short term up 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).

-55
Smart Scan Analysis for PLNMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.02095 4.03515 3.99315 4.01105 -0.00990
Prev. Close Volume Bid Ask Time
4.02095 2023-09-27 18:17:15
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