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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Czech Koruna/South African Rand (FOREX:CZKZAR)

Bear Market Rally (-75) - CZKZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CZKZAR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CZKZAR?

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

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

FOREX_CZKZAR
Open High Low CZKZAR Price Change
0.7734582 0.7780869 0.7725453 0.7776789 +0.0042210
Entry Signal

MarketClub’s Trade Triangles for CZKZAR

long term down The long-term trend has been DOWN since Jun 18th, 2024 at 0.7850980

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 0.7919400

short term up The short-term trend has been UP since Jul 15th, 2024 at 0.7753073

Smart Scan Analysis for CZKZAR

Based on our trend formula, CZKZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CZKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7734582 0.7780869 0.7725453 0.7776789 +0.0042210
Prev. Close Volume Bid Ask Time
0.7734582 2024-07-15 05:31:04
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