Forex Trend Analysis Report
Prepared for you on Monday, February 24, 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 DOWN since Oct 15th, 2019 at 0.8199400
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.8226146
The short-term trend has been UP since Feb 20th, 2020 at 0.8126050
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).