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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Czech Koruna/Mexican Peso (FOREX:CZKMXN)
Sidelines Mode (-55) - CZKMXN 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 CZKMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CZKMXN
The long-term trend has been DOWN since Mar 2nd, 2023 at 0.81738
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.71169
The short-term trend has been DOWN since Apr 30th, 2024 at 0.72444
Smart Scan Analysis for CZKMXN
Based on our trend formula, CZKMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7259050 | 0.7275600 | 0.7233571 | 0.7245736 | -0.0013310 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7259050 | 2024-05-01 15:11:18 |