Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Polish New Zloty/Norwegian Krone (FOREX:PLNNOK)
Countertrend Up (+85) - PLNNOK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid PLNNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNNOK
The long-term trend has been UP since Oct 23rd, 2023 at 2.64900
The intermediate-term trend has been UP since Oct 4th, 2023 at 2.50105
The short-term trend has been DOWN since Dec 8th, 2023 at 2.69980
Smart Scan Analysis for PLNNOK
Based on our trend formula, PLNNOK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).