Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
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 Dec 12th, 2019 at 22.8130
The intermediate-term trend has been UP since Jan 27th, 2020 at 22.8340
The short-term trend has been UP since Feb 18th, 2020 at 23.0508
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).