Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Euro/Czech Koruna (FOREX:EURCZK)
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 EURCZK
The long term trend has been DOWN since Apr 6th, 2017 at 26.97860
The intermediate term trend has been DOWN since Sep 26th, 2017 at 26.02365
The short term trend has been UP since Nov 14th, 2017 at 25.58400
Smart Scan Analysis for EURCZK
Based on a pre-defined weighted trend formula for chart analysis, EURCZK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).