Forex Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
US Dollar/Czech Koruna (FOREX:USDCZK)
Countertrend Down (-85) - USDCZK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jul 15th, 2020 at 23.23300
The intermediate-term trend has been DOWN since Jul 13th, 2020 at 23.43735
The short-term trend has been UP since Aug 7th, 2020 at 22.38100
Smart Scan Analysis for USDCZK
Based on our trend formula, USDCZK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).