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.
MarketClub’s Trade Triangles for USDPLN
The long-term trend has been DOWN since Jul 20th, 2020 at 3.8886500
The intermediate-term trend has been DOWN since May 21st, 2020 at 4.1156384
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).