Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Polish New Zloty/South African Rand (FOREX:PLNZAR)
Long-Term Downtrend (-90) - PLNZAR is in a strong downtrend that is likely to continue. While PLNZAR 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 PLNZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNZAR
The long-term trend has been DOWN since Oct 20th, 2021 at 3.66420
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 3.71040
The short-term trend has been DOWN since Oct 13th, 2021 at 3.74725
Smart Scan Analysis for PLNZAR
Based on our trend formula, PLNZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).