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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Polish New Zloty/Mexican Peso (FOREX:PLNMXN)

Weak Downtrend (-65) - PLNMXN is showing signs of a strengthening downtrend. Monitor PLNMXN as it may be building momentum to the downside.

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
4.91690 4.92560 4.90695 4.90810 -0.00880
Entry Signal

MarketClub’s Trade Triangles for PLNMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 4.31925

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2024 at 4.92960

short term down The short-term trend has been DOWN since Nov 14th, 2024 at 4.96475

Smart Scan Analysis for PLNMXN

Based on our trend formula, PLNMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for PLNMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.91690 4.92560 4.90695 4.90810 -0.00880
Prev. Close Volume Bid Ask Time
4.91690 2024-11-20 03:49:11
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