Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Hong Kong Dollar/Polish New Zloty (FOREX:HKDPLN)
Long-Term Downtrend (-90) - HKDPLN is in a strong downtrend that is likely to continue. While HKDPLN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HKDPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDPLN
The long-term trend has been DOWN since Nov 15th, 2022 at 0.57453500
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 0.55637500
The short-term trend has been DOWN since Mar 20th, 2023 at 0.56015033
Smart Scan Analysis for HKDPLN
Based on our trend formula, HKDPLN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).