Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Canadian Dollar/Czech Koruna (FOREX:CADCZK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Oct 20th, 2017 at 17.3150
The intermediate term trend has been DOWN since Sep 29th, 2017 at 17.5965
The short term trend has been DOWN since Nov 13th, 2017 at 17.2525
Smart Scan Analysis for CADCZK
Based on a pre-defined weighted trend formula for chart analysis, CADCZK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).