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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Polish New Zloty/South African Rand (FOREX:PLNZAR)
Sidelines Mode (-55) - PLNZAR 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 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.
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MarketClub’s Trade Triangles for PLNZAR
The long-term trend has been DOWN since Jun 13th, 2024 at 4.57675
The intermediate-term trend has been UP since Nov 14th, 2024 at 4.44905
The short-term trend has been DOWN since Nov 18th, 2024 at 4.41685
Smart Scan Analysis for PLNZAR
Based on our trend formula, PLNZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.41235 | 4.42480 | 4.40945 | 4.41530 | +0.00295 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.41235 | 2024-11-20 03:33:29 |