Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/Polish New Zloty (FOREX:EURPLN)
Countertrend Down (-85) - EURPLN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid EURPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURPLN
The long-term trend has been DOWN since Nov 14th, 2023 at 4.401505
The intermediate-term trend has been DOWN since Oct 6th, 2023 at 4.582965
The short-term trend has been UP since Dec 1st, 2023 at 4.366500
Smart Scan Analysis for EURPLN
Based on our trend formula, EURPLN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).