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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Canadian Dollar/Czech Koruna (FOREX:CADCZK)

Countertrend Down (-85) - CADCZK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid CADCZK?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADCZK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADCZK
Open High Low CADCZK Price Change
16.698243 16.724218 16.684037 16.687685 -0.010558
Entry Signal

MarketClub’s Trade Triangles for CADCZK

long term down The long-term trend has been DOWN since May 7th, 2024 at 16.934835

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 17.155880

short term up The short-term trend has been UP since May 30th, 2024 at 16.709000

Smart Scan Analysis for CADCZK

Based on our trend formula, CADCZK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CADCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.698243 16.724218 16.684037 16.687685 -0.010558
Prev. Close Volume Bid Ask Time
16.698243 2024-05-30 05:36:46
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