Forex Trend Analysis Report
Prepared for you on Wednesday, December 7, 2022.
Czech Koruna/Mexican Peso (FOREX:CZKMXN)
Long-Term Uptrend (+90) - CZKMXN is in a strong uptrend that is likely to continue. While CZKMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for CZKMXN
The long-term trend has been UP since Dec 2nd, 2022 at 0.833025
The intermediate-term trend has been UP since Nov 11th, 2022 at 0.823435
The short-term trend has been UP since Dec 2nd, 2022 at 0.831095
Smart Scan Analysis for CZKMXN
Based on our trend formula, CZKMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).