Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Euro/Czech Koruna (FOREX:EURCZK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Nov 9th, 2018 at 25.95000
The intermediate term trend has been DOWN since Dec 6th, 2018 at 25.86800
The short term trend has been DOWN since Dec 3rd, 2018 at 25.92675
Smart Scan Analysis for EURCZK
Based on a pre-defined weighted trend formula for chart analysis, EURCZK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).