Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
Long-Term Downtrend (-90) - MXNCZK is in a strong downtrend that is likely to continue. While MXNCZK 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 MXNCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNCZK
The long-term trend has been DOWN since Feb 28th, 2020 at 1.173985
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 1.202950
The short-term trend has been DOWN since Apr 5th, 2020 at 1.025065
Smart Scan Analysis for MXNCZK
Based on our trend formula, MXNCZK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).