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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.

FOREX_USDCZK
Open High Low USDCZK Price Change
22.3022 22.3677 22.2260 22.2330 -0.0692
Entry Signal

MarketClub’s Trade Triangles for USDCZK

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 23.23300

intermediate term down The intermediate-term trend has been DOWN since Jul 13th, 2020 at 23.43735

short term up 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).

-85
Smart Scan Analysis for USDCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.3022 22.3677 22.2260 22.2330 -0.0692
Prev. Close Volume Bid Ask Time
22.3022 22.2180 22.2480 2020-08-11 06:04:55
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