Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Canadian Dollar/Czech Koruna (FOREX:CADCZK)
Bear Market Rally (-75) - CADCZK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADCZK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CADCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADCZK
The long-term trend has been DOWN since Nov 28th, 2023 at 16.237548
The intermediate-term trend has been DOWN since Oct 24th, 2023 at 16.835282
The short-term trend has been UP since Nov 30th, 2023 at 16.382000
Smart Scan Analysis for CADCZK
Based on our trend formula, CADCZK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).