Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Australian Dollar/Czech Koruna (FOREX:AUDCZK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDCZK
The long term trend has been DOWN since Dec 17th, 2019 at 15.639
The intermediate term trend has been DOWN since Jan 7th, 2020 at 15.600
The short term trend has been UP since Feb 11th, 2020 at 15.388
Smart Scan Analysis for AUDCZK
Based on a pre-defined weighted trend formula for chart analysis, AUDCZK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).