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Forex Trend Analysis Report
Prepared for you on Thursday, May 2, 2024.
British Pound/Polish New Zloty (FOREX:GBPPLN)
Crossroads (+60) - GBPPLN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPPLN
The long-term trend has been DOWN since Oct 17th, 2023 at 5.103205
The intermediate-term trend has been UP since Apr 15th, 2024 at 5.050645
The short-term trend has been UP since Apr 24th, 2024 at 5.027750
Smart Scan Analysis for GBPPLN
Based on our trend formula, GBPPLN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.05545 | 5.07328 | 5.04917 | 5.06163 | +0.00618 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.05545 | 2024-05-02 07:26:01 |