Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Czech Koruna/Japanese Yen (FOREX:CZKJPY)
Sidelines Mode (-55) - CZKJPY 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 CZKJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKJPY
The long-term trend has been UP since Feb 15th, 2023 at 6.0607850
The intermediate-term trend has been DOWN since Sep 6th, 2023 at 6.5049810
The short-term trend has been UP since Sep 19th, 2023 at 6.4703213
Smart Scan Analysis for CZKJPY
Based on our trend formula, CZKJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).