Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Czech Koruna/Australian Dollar (FOREX:CZKAUD)
Long-Term Downtrend (-90) - CZKAUD is in a strong downtrend that is likely to continue. While CZKAUD 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 CZKAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKAUD
The long-term trend has been DOWN since Nov 1st, 2023 at 0.0669635
The intermediate-term trend has been DOWN since Dec 1st, 2023 at 0.0671215
The short-term trend has been DOWN since Nov 30th, 2023 at 0.0679260
Smart Scan Analysis for CZKAUD
Based on our trend formula, CZKAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).