Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Polish New Zloty/New Zealand Dollar (FOREX:PLNNZD)
Sidelines Mode (-55) - PLNNZD 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 PLNNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNNZD
The long-term trend has been DOWN since Apr 28th, 2020 at 0.391235
The intermediate-term trend has been UP since Jul 23rd, 2020 at 0.394100
The short-term trend has been DOWN since Aug 3rd, 2020 at 0.400840
Smart Scan Analysis for PLNNZD
Based on our trend formula, PLNNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).