Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Long-Term Downtrend (-90) - CZKNOK is in a strong downtrend that is likely to continue. While CZKNOK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for CZKNOK
The long-term trend has been DOWN since Oct 13th, 2020 at 0.3947845
The intermediate-term trend has been DOWN since Feb 17th, 2021 at 0.3949030
The short-term trend has been DOWN since Feb 24th, 2021 at 0.3945940
Smart Scan Analysis for CZKNOK
Based on our trend formula, CZKNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).