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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

Polish New Zloty/Danish Krone (FOREX:PLNDKK)

Long-Term Downtrend (-90) - PLNDKK is in a strong downtrend that is likely to continue. While PLNDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_PLNDKK
Open High Low PLNDKK Price Change
1.60930 1.61005 1.60635 1.60895 -0.00035
Entry Signal

MarketClub’s Trade Triangles for PLNDKK

long term down The long-term trend has been DOWN since Sep 20th, 2021 at 1.61600

intermediate term down The intermediate-term trend has been DOWN since Sep 17th, 2021 at 1.62015

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 1.62375

Smart Scan Analysis for PLNDKK

Based on our trend formula, PLNDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PLNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.60930 1.61005 1.60635 1.60895 -0.00035
Prev. Close Volume Bid Ask Time
1.60930 2021-10-28 07:13:57
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