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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Czech Koruna (FOREX:CADCZK)
Long-Term Downtrend (-90) - CADCZK is in a strong downtrend that is likely to continue. While CADCZK 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 CADCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADCZK
The long-term trend has been DOWN since May 7th, 2024 at 16.934835
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 17.155880
The short-term trend has been DOWN since May 1st, 2024 at 17.075627
Smart Scan Analysis for CADCZK
Based on our trend formula, CADCZK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16.955058 | 16.976584 | 16.925990 | 16.973091 | +0.018033 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16.955058 | 2024-05-09 05:11:25 |