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Forex Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

Polish New Zloty/Brazilian Real (FOREX:PLNBRL)

Crossroads (+60) - PLNBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

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

FOREX_PLNBRL
Open High Low PLNBRL Price Change
1.4119628 1.4212945 1.4084213 1.4178895 +0.0059270
Entry Signal

MarketClub’s Trade Triangles for PLNBRL

long term up The long-term trend has been UP since Feb 23rd, 2024 at 1.2558005

intermediate term down The intermediate-term trend has been DOWN since Aug 12th, 2024 at 1.3882948

short term down The short-term trend has been DOWN since Oct 21st, 2024 at 1.4196441

Smart Scan Analysis for PLNBRL

Based on our trend formula, PLNBRL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for PLNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4119628 1.4212945 1.4084213 1.4178895 +0.0059270
Prev. Close Volume Bid Ask Time
1.4119628 2024-10-25 17:06:36
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