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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Japanese Yen/Polish New Zloty (FOREX:JPYPLN)

Sidelines Mode (-55) - JPYPLN 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 JPYPLN?

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

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

FOREX_JPYPLN
Open High Low JPYPLN Price Change
0.02520107 0.02538270 0.02519626 0.02530060 +0.00010000
Entry Signal

MarketClub’s Trade Triangles for JPYPLN

long term down The long-term trend has been DOWN since Feb 20th, 2024 at 0.02660781

intermediate term down The intermediate-term trend has been DOWN since Apr 25th, 2024 at 0.02578248

short term up The short-term trend has been UP since May 29th, 2024 at 0.02505008

Smart Scan Analysis for JPYPLN

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

-55
Smart Scan Analysis for JPYPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02520107 0.02538270 0.02519626 0.02530060 +0.00010000
Prev. Close Volume Bid Ask Time
0.02520107 2024-05-30 04:48:05
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