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Forex Trend Analysis Report

Prepared for you on Thursday, June 8, 2023.

Swiss Franc/Czech Koruna (FOREX:CHFCZK)

Sidelines Mode (+50) - CHFCZK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CHFCZK can gain momentum.

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

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

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

FOREX_CHFCZK
Open High Low CHFCZK Price Change
24.27540 24.28905 24.24130 24.27825 +0.00285
Entry Signal

MarketClub’s Trade Triangles for CHFCZK

long term down The long-term trend has been DOWN since Nov 7th, 2022 at 24.6041

intermediate term up The intermediate-term trend has been UP since May 1st, 2023 at 24.0784

short term up The short-term trend has been UP since Jun 7th, 2023 at 24.3830

Smart Scan Analysis for CHFCZK

Based on our trend formula, CHFCZK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CHFCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.27540 24.28905 24.24130 24.27825 +0.00285
Prev. Close Volume Bid Ask Time
24.27540 2023-06-08 04:44:17
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