Forex Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
Polish New Zloty/Qatari Rial (FOREX:PLNQAR)
Long-Term Downtrend (-90) - PLNQAR is in a strong downtrend that is likely to continue. While PLNQAR 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 PLNQAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNQAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNQAR
The long-term trend has been DOWN since Jul 2nd, 2021 at 0.9752322
The intermediate-term trend has been DOWN since Jul 2nd, 2021 at 0.9752322
The short-term trend has been DOWN since Jul 18th, 2021 at 0.9670114
Smart Scan Analysis for PLNQAR
Based on our trend formula, PLNQAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).