Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Czech Koruna/Danish Krone (FOREX:CZKDKK)
Bear Market Rally (-75) - CZKDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CZKDKK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CZKDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKDKK
The long-term trend has been DOWN since Sep 21st, 2020 at 0.27680550
The intermediate-term trend has been UP since Nov 3rd, 2020 at 0.27550614
The short-term trend has been DOWN since Nov 30th, 2020 at 0.28357250
Smart Scan Analysis for CZKDKK
Based on our trend formula, CZKDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).