Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Czech Koruna/Canadian Dollar (FOREX:CZKCAD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CZKCAD
The long term trend has been DOWN since May 1st, 2018 at 0.060385
The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.058739
The short term trend has been UP since Oct 10th, 2018 at 0.058013
Smart Scan Analysis for CZKCAD
Based on a pre-defined weighted trend formula for chart analysis, CZKCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).