Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Canadian Dollar/Czech Koruna (FOREX:CADCZK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Nov 21st, 2018 at 17.1870
The short term trend has been UP since Dec 12th, 2018 at 17.0745
Smart Scan Analysis for CADCZK
Based on a pre-defined weighted trend formula for chart analysis, CADCZK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).