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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.

FOREX_PLNZAR
Open High Low PLNZAR Price Change
3.68355 3.70220 3.64605 3.66305 -0.02050
Entry Signal

MarketClub’s Trade Triangles for PLNZAR

long term down The long-term trend has been DOWN since Oct 20th, 2021 at 3.66420

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 3.71040

short term down 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).

-90
Smart Scan Analysis for PLNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.68355 3.70220 3.64605 3.66305 -0.02050
Prev. Close Volume Bid Ask Time
3.68355 2021-10-20 16:37:58
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