Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Polish New Zloty/Norwegian Krone (FOREX:PLNNOK)
Crossroads (+60) - PLNNOK 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 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 Jun 6th, 2019 at 2.29785
The intermediate-term trend has been DOWN since Apr 1st, 2020 at 2.47050
The short-term trend has been DOWN since May 29th, 2020 at 2.42675
Smart Scan Analysis for PLNNOK
Based on our trend formula, PLNNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).