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Forex Trend Analysis Report

Prepared for you on Sunday, June 4, 2023.

Czech Koruna/Norwegian Krone (FOREX:CZKNOK)

Countertrend Up (+85) - CZKNOK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CZKNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for CZKNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CZKNOK
Open High Low CZKNOK Price Change
0.5015170 0.5022915 0.4983235 0.5000195 -0.0014980
Entry Signal

MarketClub’s Trade Triangles for CZKNOK

long term up The long-term trend has been UP since Sep 29th, 2022 at 0.4261095

intermediate term up The intermediate-term trend has been UP since May 29th, 2023 at 0.5030450

short term down The short-term trend has been DOWN since May 31st, 2023 at 0.4988935

Smart Scan Analysis for CZKNOK

Based on our trend formula, CZKNOK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CZKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.5015170 0.5022915 0.4983235 0.5000195 -0.0014980
Prev. Close Volume Bid Ask Time
0.5015170 2023-06-02 17:02:46
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