Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Polish New Zloty/South African Rand (FOREX:PLNZAR)
Weak Downtrend (-65) - PLNZAR is showing signs of a strengthening downtrend. Monitor PLNZAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid PLNZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNZAR
The long-term trend has been UP since Jul 26th, 2021 at 3.84900
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 3.71040
The short-term trend has been DOWN since Oct 13th, 2021 at 3.74725
Smart Scan Analysis for PLNZAR
Based on our trend formula, PLNZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).