Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
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 Nov 22nd, 2023 at 4.71180
The intermediate-term trend has been UP since Nov 16th, 2023 at 4.55545
The short-term trend has been DOWN since Dec 7th, 2023 at 4.67830
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).