Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Czech Koruna/Danish Krone (FOREX:CZKDKK)
Sidelines Mode (+55) - CZKDKK 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 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 Jul 7th, 2023 at 0.3111450
The intermediate-term trend has been UP since Nov 3rd, 2023 at 0.3054095
The short-term trend has been DOWN since Dec 1st, 2023 at 0.3058330
Smart Scan Analysis for CZKDKK
Based on our trend formula, CZKDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).