Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Czech Koruna/Mexican Peso (FOREX:CZKMXN)
Sidelines Mode (-55) - CZKMXN 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 CZKMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKMXN
The long-term trend has been UP since Feb 28th, 2020 at 0.851805
The intermediate-term trend has been DOWN since May 8th, 2020 at 0.944120
The short-term trend has been UP since May 28th, 2020 at 0.909600
Smart Scan Analysis for CZKMXN
Based on our trend formula, CZKMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).