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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Czech Koruna/Hungarian Forint (FOREX:CZKHUF)
Sidelines Mode (+55) - CZKHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CZKHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKHUF.
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 CZKHUF
The long-term trend has been UP since Mar 12th, 2024 at 15.75585
The intermediate-term trend has been UP since Apr 16th, 2024 at 15.65145
The short-term trend has been DOWN since May 7th, 2024 at 15.52085
Smart Scan Analysis for CZKHUF
Based on our trend formula, CZKHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 15.52700 | 15.56155 | 15.52265 | 15.53835 | +0.01135 |
| Prev. Close | Volume | Bid | Ask | Time |
| 15.52700 | 2024-05-08 22:41:33 |