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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Canadian Dollar/Polish New Zloty (FOREX:CADPLN)

Sidelines Mode (-55) - CADPLN 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 CADPLN?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADPLN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADPLN
Open High Low CADPLN Price Change
2.946890 2.964590 2.939975 2.959650 +0.012760
Entry Signal

MarketClub’s Trade Triangles for CADPLN

long term down The long-term trend has been DOWN since Nov 10th, 2023 at 2.991150

intermediate term down The intermediate-term trend has been DOWN since Oct 10th, 2023 at 3.160675

short term up The short-term trend has been UP since Nov 30th, 2023 at 2.927525

Smart Scan Analysis for CADPLN

Based on our trend formula, CADPLN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CADPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.946890 2.964590 2.939975 2.959650 +0.012760
Prev. Close Volume Bid Ask Time
2.946890 2023-12-04 14:51:49
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