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Forex Trend Analysis Report

Prepared for you on Monday, September 25, 2023.

Polish New Zloty/Brazilian Real (FOREX:PLNBRL)

Countertrend Down (-85) - PLNBRL 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 PLNBRL?

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

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FOREX_PLNBRL
Open High Low PLNBRL Price Change
1.1414979 1.1463856 1.1384308 1.1411436 -0.0003540
Entry Signal

MarketClub’s Trade Triangles for PLNBRL

long term down The long-term trend has been DOWN since Sep 6th, 2023 at 1.1655145

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2023 at 1.1745240

short term up The short-term trend has been UP since Sep 21st, 2023 at 1.1299627

Smart Scan Analysis for PLNBRL

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

-85
Smart Scan Analysis for PLNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1414979 1.1463856 1.1384308 1.1411436 -0.0003540
Prev. Close Volume Bid Ask Time
1.1414979 2023-09-25 17:00:26
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