Forex Trend Analysis Report
Prepared for you on Monday, March 1, 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 DOWN since Oct 22nd, 2020 at 4.21500
The intermediate-term trend has been DOWN since Feb 11th, 2021 at 3.96385
The short-term trend has been UP since Feb 25th, 2021 at 4.02255
Smart Scan Analysis for PLNZAR
Based on our trend formula, PLNZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).