Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2023.
US Dollar/Czech Koruna (FOREX:USDCZK)
Crossroads (+60) - USDCZK 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 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 Nov 11th, 2022 at 23.456
The intermediate-term trend has been UP since May 11th, 2023 at 21.565
The short-term trend has been UP since May 9th, 2023 at 21.345
Smart Scan Analysis for USDCZK
Based on our trend formula, USDCZK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).