Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Czech Koruna/South African Rand (FOREX:CZKZAR)
Sidelines Mode (+50) - CZKZAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CZKZAR can gain momentum.
Is it time to buy, sell, or avoid CZKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKZAR
The long-term trend has been DOWN since Dec 24th, 2019 at 0.61651000
The intermediate-term trend has been UP since Jan 7th, 2020 at 0.63523500
The short-term trend has been UP since Feb 24th, 2020 at 0.65480159
Smart Scan Analysis for CZKZAR
Based on our trend formula, CZKZAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).