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Forex Trend Analysis Report

Prepared for you on Sunday, August 1, 2021.

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.

FOREX_PLNHUF
Open High Low PLNHUF Price Change
78.4312 78.4312 78.4312 78.4312 0.0000
Entry Signal

MarketClub’s Trade Triangles for PLNHUF

long term down The long-term trend has been DOWN since Jan 19th, 2021 at 78.82966

intermediate term up The intermediate-term trend has been UP since Jul 6th, 2021 at 78.63950

short term down The short-term trend has been DOWN since Jul 27th, 2021 at 78.26928

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).

-55
Smart Scan Analysis for PLNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
78.4312 78.4312 78.4312 78.4312 0.0000
Prev. Close Volume Bid Ask Time
78.4312 2021-08-01 04:10:59
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