Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Polish New Zloty/South African Rand (FOREX:PLNZAR)
Bull Market Weakness (+75) - PLNZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PLNZAR as it may be in the beginning stages of a reversal.
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 Feb 28th, 2020 at 3.97100
The intermediate-term trend has been UP since Jan 7th, 2020 at 3.79005
The short-term trend has been DOWN since Apr 7th, 2020 at 4.39015
Smart Scan Analysis for PLNZAR
Based on our trend formula, PLNZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).