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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

British Pound/Czech Koruna (FOREX:GBPCZK)

Sidelines Mode (-55) - GBPCZK 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 GBPCZK?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCZK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPCZK
Open High Low GBPCZK Price Change
29.87670 29.89215 29.58545 29.63270 -0.24400
Entry Signal

MarketClub’s Trade Triangles for GBPCZK

long term up The long-term trend has been UP since Feb 25th, 2021 at 30.30875

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2021 at 30.21760

short term up The short-term trend has been UP since Apr 18th, 2021 at 29.97975

Smart Scan Analysis for GBPCZK

Based on our trend formula, GBPCZK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.87670 29.89215 29.58545 29.63270 -0.24400
Prev. Close Volume Bid Ask Time
29.87670 2021-05-06 15:43:47
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