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.
MarketClub’s Trade Triangles for CZKNOK
The long-term trend has been UP since Sep 29th, 2022 at 0.4261095
The intermediate-term trend has been UP since May 29th, 2023 at 0.5030450
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).