Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
US Dollar/Czech Koruna (FOREX:USDCZK)
Sidelines Mode (-55) - USDCZK 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 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 UP since Aug 23rd, 2023 at 22.33230
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 23.03645
The short-term trend has been UP since Nov 30th, 2023 at 22.32000
Smart Scan Analysis for USDCZK
Based on our trend formula, USDCZK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).