Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Polish New Zloty/New Zealand Dollar (FOREX:PLNNZD)
Long-Term Downtrend (-90) - PLNNZD is in a strong downtrend that is likely to continue. While PLNNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Oct 27th, 2020 at 0.383505
The intermediate-term trend has been DOWN since Dec 27th, 2020 at 0.380045
The short-term trend has been DOWN since Feb 16th, 2021 at 0.372585
Smart Scan Analysis for PLNNZD
Based on our trend formula, PLNNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).