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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Canadian Dollar/Czech Koruna (FOREX:CADCZK)

Strong Downtrend (-100) - CADCZK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADCZK continues to fall. Traders should use caution and set stops.

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.

FOREX_CADCZK
Open High Low CADCZK Price Change
16.696419 16.723893 16.658101 16.689007 -0.007412
Entry Signal

MarketClub’s Trade Triangles for CADCZK

long term down The long-term trend has been DOWN since May 7th, 2024 at 16.934835

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 17.155880

short term down The short-term trend has been DOWN since May 1st, 2024 at 17.075627

Smart Scan Analysis for CADCZK

Based on our trend formula, CADCZK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CADCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.696419 16.723893 16.658101 16.689007 -0.007412
Prev. Close Volume Bid Ask Time
16.696419 2024-05-22 14:13:28
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