Forex Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
Czech Koruna/Canadian Dollar (FOREX:CZKCAD)
Sidelines Mode (+55) - CZKCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jan 5th, 2022 at 0.05838193
The intermediate-term trend has been UP since Dec 5th, 2021 at 0.05729394
The short-term trend has been DOWN since Jan 24th, 2022 at 0.05818657
Smart Scan Analysis for CZKCAD
Based on our trend formula, CZKCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).