Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 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 Oct 2nd, 2022 at 18.123939
The intermediate-term trend has been DOWN since Feb 28th, 2023 at 16.383000
The short-term trend has been UP since Mar 27th, 2023 at 16.093273
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).