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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.

FOREX_PLNHUF
Open High Low PLNHUF Price Change
82.97680 82.98153 82.97680 82.97871 +0.00191
Entry Signal

MarketClub’s Trade Triangles for PLNHUF

long term down The long-term trend has been DOWN since Jan 4th, 2023 at 84.89935

intermediate term down The intermediate-term trend has been DOWN since Dec 19th, 2022 at 86.11174

short term down 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).

-90
Smart Scan Analysis for PLNHUF
Strong Downtrend Sideways 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
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