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Forex Trend Analysis Report
Prepared for you on Saturday, January 28, 2023.
Polish New Zloty/Hungarian Forint (FOREX:PLNHUF)
Long-Term Downtrend (-90) - PLNHUF is in a strong downtrend that is likely to continue. While PLNHUF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for PLNHUF
The long-term trend has been DOWN since Jan 4th, 2023 at 84.89935
The intermediate-term trend has been DOWN since Dec 19th, 2022 at 86.11174
The short-term trend has been DOWN since Jan 24th, 2023 at 83.22606
Smart Scan Analysis for PLNHUF
Based on our trend formula, PLNHUF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 82.97680 | 82.98153 | 82.97680 | 82.97871 | +0.00191 |
| Prev. Close | Volume | Bid | Ask | Time |
| 82.97680 | 2023-01-28 04:11:32 |