Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Polish New Zloty/US Dollar (FOREX:PLNUSD)
Crossroads (+60) - PLNUSD 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 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.
MarketClub’s Trade Triangles for PLNUSD
The long-term trend has been DOWN since Aug 11th, 2021 at 0.25545578
The intermediate-term trend has been UP since Oct 19th, 2021 at 0.25507422
The short-term trend has been UP since Oct 19th, 2021 at 0.25457515
Smart Scan Analysis for PLNUSD
Based on our trend formula, PLNUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).