Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Polish New Zloty/Euro (FOREX:PLNEUR)
Sidelines Mode (+55) - PLNEUR 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 PLNEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNEUR
The long-term trend has been DOWN since Sep 21st, 2020 at 0.22244
The intermediate-term trend has been UP since Apr 7th, 2021 at 0.21843
The short-term trend has been DOWN since Apr 20th, 2021 at 0.21944
Smart Scan Analysis for PLNEUR
Based on our trend formula, PLNEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).