Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
US Dollar/Czech Koruna (FOREX:USDCZK)
Crossroads (+60) - USDCZK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCZK
The long-term trend has been DOWN since Nov 30th, 2020 at 21.8133
The intermediate-term trend has been UP since Feb 26th, 2021 at 21.6559
The short-term trend has been UP since Feb 24th, 2021 at 21.4770
Smart Scan Analysis for USDCZK
Based on our trend formula, USDCZK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).