Forex Trend Analysis Report
Prepared for you on Thursday, July 16, 2020.
New Zealand Dollar/Polish New Zloty (FOREX:NZDPLN)
Sidelines Mode (+55) - NZDPLN 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 NZDPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDPLN
The long-term trend has been UP since Apr 28th, 2020 at 2.556115
The intermediate-term trend has been UP since Jun 7th, 2020 at 2.559400
The short-term trend has been DOWN since Jul 12th, 2020 at 2.590395
Smart Scan Analysis for NZDPLN
Based on our trend formula, NZDPLN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).