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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

Polish New Zloty/US Dollar (FOREX:PLNUSD)

Long-Term Downtrend (-90) - PLNUSD is in a strong downtrend that is likely to continue. While PLNUSD 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 PLNUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for PLNUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PLNUSD
Open High Low PLNUSD Price Change
0.21651000 0.21654982 0.21183390 0.21280500 -0.00370500
Entry Signal

MarketClub’s Trade Triangles for PLNUSD

long term down The long-term trend has been DOWN since Feb 24th, 2022 at 0.23805073

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.22748340

short term down The short-term trend has been DOWN since Jun 29th, 2022 at 0.22372069

Smart Scan Analysis for PLNUSD

Based on our trend formula, PLNUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PLNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21651000 0.21654982 0.21183390 0.21280500 -0.00370500
Prev. Close Volume Bid Ask Time
0.21651000 2022-07-06 14:42:23
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