Forex Trend Analysis Report
Prepared for you on Thursday, October 22, 2020.
Czech Koruna/Canadian Dollar (FOREX:CZKCAD)
Bear Market Rally (-75) - CZKCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CZKCAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CZKCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKCAD
The long-term trend has been DOWN since Oct 8th, 2020 at 0.05701486
The intermediate-term trend has been DOWN since Aug 24th, 2020 at 0.05949638
The short-term trend has been UP since Oct 19th, 2020 at 0.05691232
Smart Scan Analysis for CZKCAD
Based on our trend formula, CZKCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).