Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2024.

British Pound/Polish New Zloty (FOREX:GBPPLN)

Countertrend Down (-85) - GBPPLN 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 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.

FOREX_GBPPLN
Open High Low GBPPLN Price Change
4.993815 4.999140 4.989465 4.994610 +0.000795
Entry Signal

MarketClub’s Trade Triangles for GBPPLN

long term down The long-term trend has been DOWN since Oct 17th, 2023 at 5.103205

intermediate term down The intermediate-term trend has been DOWN since May 8th, 2024 at 4.992975

short term up The short-term trend has been UP since May 19th, 2024 at 4.982690

Smart Scan Analysis for GBPPLN

Based on our trend formula, GBPPLN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.993815 4.999140 4.989465 4.994610 +0.000795
Prev. Close Volume Bid Ask Time
4.993815 2024-05-26 17:02:05
Get a free daily analysis and signals for British Pound/Polish New Zloty (GBPPLN) - Request Your Free Report.