Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Czech Koruna/South African Rand (FOREX:CZKZAR)
Sidelines Mode (+55) - CZKZAR 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 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 UP since Jul 1st, 2022 at 0.6959399
The intermediate-term trend has been UP since May 11th, 2023 at 0.8889166
The short-term trend has been DOWN since May 31st, 2023 at 0.8862500
Smart Scan Analysis for CZKZAR
Based on our trend formula, CZKZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).