Forex Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
Polish New Zloty/Danish Krone (FOREX:PLNDKK)
Sidelines Mode (+55) - PLNDKK 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 PLNDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNDKK
The long-term trend has been DOWN since Mar 16th, 2020 at 1.6881186
The intermediate-term trend has been UP since Jul 21st, 2020 at 1.6803000
The short-term trend has been DOWN since Aug 7th, 2020 at 1.6855500
Smart Scan Analysis for PLNDKK
Based on our trend formula, PLNDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).