Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Canadian Dollar/Czech Koruna (FOREX:CADCZK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADCZK
The long term trend has been UP since May 1st, 2018 at 16.5605
The intermediate term trend has been UP since Sep 28th, 2018 at 17.0240
The short term trend has been DOWN since Oct 19th, 2018 at 17.1445
Smart Scan Analysis for CADCZK
Based on a pre-defined weighted trend formula for chart analysis, CADCZK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).