Forex Trend Analysis Report
Prepared for you on Thursday, May 19, 2022.
Czech Koruna/US Dollar (FOREX:CZKUSD)
Sidelines Mode (-55) - CZKUSD 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 CZKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CZKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CZKUSD
The long-term trend has been DOWN since Mar 1st, 2022 at 0.04408200
The intermediate-term trend has been DOWN since Apr 12th, 2022 at 0.04423411
The short-term trend has been UP since May 16th, 2022 at 0.04213919
Smart Scan Analysis for CZKUSD
Based on our trend formula, CZKUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).