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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.

FOREX_PLNZAR
Open High Low PLNZAR Price Change
3.71220 3.74860 3.70890 3.71895 +0.00675
Entry Signal

MarketClub’s Trade Triangles for PLNZAR

long term up The long-term trend has been UP since Jul 26th, 2021 at 3.84900

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 3.71040

short term down 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).

-70
Smart Scan Analysis for PLNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.71220 3.74860 3.70890 3.71895 +0.00675
Prev. Close Volume Bid Ask Time
3.71220 2021-10-18 23:16:55
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