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Forex Trend Analysis Report

Prepared for you on Thursday, August 13, 2020.

US Dollar/Polish New Zloty (FOREX:USDPLN)

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

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

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

FOREX_USDPLN
Open High Low USDPLN Price Change
3.72715 3.73450 3.70801 3.71445 -0.01270
Entry Signal

MarketClub’s Trade Triangles for USDPLN

long term down The long-term trend has been DOWN since Jul 20th, 2020 at 3.8886500

intermediate term down The intermediate-term trend has been DOWN since May 21st, 2020 at 4.1156384

short term down The short-term trend has been DOWN since Aug 12th, 2020 at 3.7270600

Smart Scan Analysis for USDPLN

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

-90
Smart Scan Analysis for USDPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.72715 3.73450 3.70801 3.71445 -0.01270
Prev. Close Volume Bid Ask Time
3.72715 3.71370 3.71520 2020-08-13 10:12:07
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