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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.

Open High Low PLNHUF Price Change
84.5730 85.4570 84.5241 85.2120 +0.6390
Entry Signal

MarketClub’s Trade Triangles for PLNHUF

long term down The long-term trend has been DOWN since Sep 24th, 2023 at 81.36814

intermediate term down The intermediate-term trend has been DOWN since Aug 21st, 2023 at 85.54660

short term up 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).

Smart Scan Analysis for PLNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.5730 85.4570 84.5241 85.2120 +0.6390
Prev. Close Volume Bid Ask Time
84.5730 2023-09-25 08:20:19
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