Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Czech Koruna (FOREX:GBPCZK)
Crossroads (-60) - GBPCZK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPCZK
The long-term trend has been UP since Oct 12th, 2020 at 30.06215
The intermediate-term trend has been DOWN since Nov 4th, 2020 at 29.64015
The short-term trend has been DOWN since Dec 2nd, 2020 at 29.04700
Smart Scan Analysis for GBPCZK
Based on our trend formula, GBPCZK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).