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Forex Trend Analysis Report

Prepared for you on Tuesday, November 5, 2024.

US Dollar/Czech Koruna (FOREX:USDCZK)

Weak Downtrend (-65) - USDCZK is showing signs of a strengthening downtrend. Monitor USDCZK as it may be building momentum to the downside.

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.

FOREX_USDCZK
Open High Low USDCZK Price Change
23.29830 23.30000 23.23155 23.26000 -0.03830
Entry Signal

MarketClub’s Trade Triangles for USDCZK

long term down The long-term trend has been DOWN since Aug 21st, 2024 at 22.51410

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2024 at 22.81605

short term down The short-term trend has been DOWN since Oct 30th, 2024 at 23.39650

Smart Scan Analysis for USDCZK

Based on our trend formula, USDCZK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.29830 23.30000 23.23155 23.26000 -0.03830
Prev. Close Volume Bid Ask Time
23.29830 2024-11-05 07:28:57
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