Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
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 DOWN since Mar 2nd, 2023 at 0.817380
The intermediate-term trend has been UP since Nov 29th, 2023 at 0.780870
The short-term trend has been DOWN since Dec 1st, 2023 at 0.771225
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).