Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Polish New Zloty/Hungarian Forint (FOREX:PLNHUF)

Crossroads (+60) - PLNHUF is struggling to move into a solid trend. Beware of choppy markets 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
90.60250 90.66995 90.54850 90.61250 +0.01000
Entry Signal

MarketClub’s Trade Triangles for PLNHUF

long term up The long-term trend has been UP since Jan 29th, 2024 at 89.06948

intermediate term down The intermediate-term trend has been DOWN since Apr 4th, 2024 at 91.15594

short term down The short-term trend has been DOWN since May 21st, 2024 at 90.52600

Smart Scan Analysis for PLNHUF

Based on our trend formula, PLNHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for PLNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
90.60250 90.66995 90.54850 90.61250 +0.01000
Prev. Close Volume Bid Ask Time
90.60250 2024-05-22 03:14:36
Get a free daily analysis and signals for Polish New Zloty/Hungarian Forint (PLNHUF) - Request Your Free Report.