Free Daily Analysis

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.

FOREX_PLNDKK
Open High Low PLNDKK Price Change
1.6875000 1.6905000 1.6871842 1.6899000 +0.0024000
Entry Signal

MarketClub’s Trade Triangles for PLNDKK

long term down The long-term trend has been DOWN since Mar 16th, 2020 at 1.6881186

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2020 at 1.6803000

short term down 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).

+55
Smart Scan Analysis for PLNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6875000 1.6905000 1.6871842 1.6899000 +0.0024000
Prev. Close Volume Bid Ask Time
1.6875000 1.6895000 1.6903000 2020-08-10 04:20:16
Get a free daily analysis and signals for Polish New Zloty/Danish Krone (PLNDKK) - Request Your Free Report.