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Forex Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

Hong Kong Dollar/Czech Koruna (FOREX:HKDCZK)

Long-Term Downtrend (-90) - HKDCZK is in a strong downtrend that is likely to continue. While HKDCZK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HKDCZK?

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

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

FOREX_HKDCZK
Open High Low HKDCZK Price Change
2.7778 2.7787 2.7761 2.7776 -0.0002
Entry Signal

MarketClub’s Trade Triangles for HKDCZK

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 2.98925

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 2.78690

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 2.84865

Smart Scan Analysis for HKDCZK

Based on our trend formula, HKDCZK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HKDCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7778 2.7787 2.7761 2.7776 -0.0002
Prev. Close Volume Bid Ask Time
2.7778 2023-03-29 01:57:46
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