Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Czech Koruna/New Zealand Dollar (FOREX:CZKNZD)
Sidelines Mode (-55) - CZKNZD 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 CZKNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKNZD
The long-term trend has been DOWN since Apr 20th, 2020 at 0.065492
The intermediate-term trend has been DOWN since Mar 16th, 2020 at 0.067615
The short-term trend has been UP since May 27th, 2020 at 0.065666
Smart Scan Analysis for CZKNZD
Based on our trend formula, CZKNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).