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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.

FOREX_CADCZK
Open High Low CADCZK Price Change
17.396800 17.418500 17.387574 17.401489 +0.004689
Entry Signal

MarketClub’s Trade Triangles for CADCZK

long term up The long term trend has been UP since Jul 4th, 2019 at 17.297500

intermediate term down The intermediate term trend has been DOWN since Oct 3rd, 2019 at 17.559500

short term down 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).

-60
Smart Scan Analysis for CADCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.396800 17.418500 17.387574 17.401489 +0.004689
Prev. Close Volume Bid Ask Time
17.396800 17.398202 17.404776 2019-12-11 04:31:11
Want to analyze Canadian Dollar/Czech Koruna CADCZK or another symbol? Try our Free Forex Trend Analysis Report.