Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
New Zealand Dollar/Czech Koruna (FOREX:NZDCZK)
Countertrend Up (+85) - NZDCZK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NZDCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDCZK
The long-term trend has been UP since Sep 22nd, 2023 at 13.6890
The intermediate-term trend has been UP since Nov 30th, 2023 at 13.7060
The short-term trend has been DOWN since Dec 11th, 2023 at 13.8195
Smart Scan Analysis for NZDCZK
Based on our trend formula, NZDCZK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).