Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Canadian Dollar/Czech Koruna (FOREX:CADCZK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 CADCZK
The long term trend has been UP since Jul 4th, 2019 at 17.297500
The intermediate term trend has been DOWN since Oct 3rd, 2019 at 17.559500
The short term trend has been DOWN since Dec 9th, 2019 at 17.382481
Smart Scan Analysis for CADCZK
Based on a pre-defined weighted trend formula for chart analysis, CADCZK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).