Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Countertrend Down (-85) - CZKNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 May 11th, 2020 at 0.4005405
The intermediate-term trend has been DOWN since Apr 1st, 2020 at 0.4137130
The short-term trend has been UP since May 21st, 2020 at 0.3994300
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).