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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Czech Koruna/Norwegian Krone (FOREX:CZKNOK)

Sidelines Mode (+55) - CZKNOK 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 CZKNOK?

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

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

FOREX_CZKNOK
Open High Low CZKNOK Price Change
0.4687195 0.4691515 0.4685665 0.4688315 +0.0001120
Entry Signal

MarketClub’s Trade Triangles for CZKNOK

long term up The long-term trend has been UP since Apr 1st, 2024 at 0.4652505

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2024 at 0.4663745

short term down The short-term trend has been DOWN since May 20th, 2024 at 0.4692095

Smart Scan Analysis for CZKNOK

Based on our trend formula, CZKNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CZKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.4687195 0.4691515 0.4685665 0.4688315 +0.0001120
Prev. Close Volume Bid Ask Time
0.4687195 2024-05-23 02:47:41
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