Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
US Dollar/Czech Koruna (FOREX:USDCZK)
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 USDCZK
The long term trend has been DOWN since Sep 21st, 2018 at 21.6446
The intermediate term trend has been UP since Oct 1st, 2018 at 22.2837
The short term trend has been DOWN since Oct 22nd, 2018 at 22.4230
Smart Scan Analysis for USDCZK
Based on a pre-defined weighted trend formula for chart analysis, USDCZK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).