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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.

FOREX_CZKMXN
Open High Low CZKMXN Price Change
0.774605 0.774665 0.763890 0.771759 -0.002846
Entry Signal

MarketClub’s Trade Triangles for CZKMXN

long term down The long-term trend has been DOWN since Mar 2nd, 2023 at 0.817380

intermediate term up The intermediate-term trend has been UP since Nov 29th, 2023 at 0.780870

short term down 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).

+55
Smart Scan Analysis for CZKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.774605 0.774665 0.763890 0.771759 -0.002846
Prev. Close Volume Bid Ask Time
0.774605 2023-12-08 23:41:29
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