Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Czech Koruna/United Arab Emirates Dirham (FOREX:CZKAED)
Long-Term Downtrend (-90) - CZKAED is in a strong downtrend that is likely to continue. While CZKAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CZKAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKAED
The long-term trend has been DOWN since Aug 19th, 2021 at 0.16758430
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.16924036
The short-term trend has been DOWN since Oct 21st, 2021 at 0.16702096
Smart Scan Analysis for CZKAED
Based on our trend formula, CZKAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).