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Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
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.
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MarketClub’s Trade Triangles for USDCZK
The long-term trend has been UP since Sep 29th, 2021 at 21.97830
The intermediate-term trend has been UP since Nov 16th, 2021 at 22.29760
The short-term trend has been DOWN since Dec 8th, 2021 at 22.41815
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.53590 | 22.63030 | 22.39515 | 22.44350 | -0.09240 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.53590 | 2021-12-08 18:02:03 |