Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
US Dollar/Czech Koruna (FOREX:USDCZK)
Long-Term Uptrend (+90) - USDCZK is in a strong uptrend that is likely to continue. While USDCZK 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 USDCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCZK
The long-term trend has been UP since Sep 29th, 2021 at 21.97830
The intermediate-term trend has been UP since Sep 19th, 2021 at 21.73205
The short-term trend has been UP since Oct 18th, 2021 at 21.96150
Smart Scan Analysis for USDCZK
Based on our trend formula, USDCZK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).