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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.

FOREX_PLNMXN
Open High Low PLNMXN Price Change
5.52745 5.55795 5.51470 5.53700 +0.00955
Entry Signal

MarketClub’s Trade Triangles for PLNMXN

long term up The long-term trend has been UP since Mar 1st, 2020 at 5.07745

intermediate term down The intermediate-term trend has been DOWN since May 10th, 2020 at 5.62350

short term up 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).

-55
Smart Scan Analysis for PLNMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.52745 5.55795 5.51470 5.53700 +0.00955
Prev. Close Volume Bid Ask Time
5.52745 5.53280 5.54120 2020-05-29 17:08:42
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