Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
Polish New Zloty/Hungarian Forint (FOREX:PLNHUF)
Sidelines Mode (-55) - PLNHUF 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 PLNHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNHUF
The long-term trend has been DOWN since Sep 24th, 2023 at 81.36814
The intermediate-term trend has been DOWN since Aug 21st, 2023 at 85.54660
The short-term trend has been UP since Sep 25th, 2023 at 85.34494
Smart Scan Analysis for PLNHUF
Based on our trend formula, PLNHUF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).