Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Czech Koruna/Canadian Dollar (FOREX:CZKCAD)
Sidelines Mode (-55) - CZKCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CZKCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKCAD
The long-term trend has been DOWN since Mar 16th, 2020 at 0.05684384
The intermediate-term trend has been DOWN since May 10th, 2020 at 0.05501433
The short-term trend has been UP since May 19th, 2020 at 0.05535511
Smart Scan Analysis for CZKCAD
Based on our trend formula, CZKCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).