Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
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.
MarketClub’s Trade Triangles for JPYPLN
The long-term trend has been UP since Jul 20th, 2021 at 0.03572194
The intermediate-term trend has been DOWN since Oct 10th, 2021 at 0.03528813
The short-term trend has been UP since Oct 21st, 2021 at 0.03464546
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).