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.
MarketClub’s Trade Triangles for GBPCZK
The long-term trend has been UP since Feb 25th, 2021 at 30.30875
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 30.21760
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).