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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

US Dollar/Czech Koruna (FOREX:USDCZK)

Sidelines Mode (-55) - USDCZK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_USDCZK
Open High Low USDCZK Price Change
23.18800 23.37905 23.18155 23.33500 +0.14700
Entry Signal

MarketClub’s Trade Triangles for USDCZK

long term down The long-term trend has been DOWN since May 15th, 2024 at 22.81000

intermediate term down The intermediate-term trend has been DOWN since Jul 17th, 2024 at 23.11725

short term up The short-term trend has been UP since Jul 22nd, 2024 at 23.21700

Smart Scan Analysis for USDCZK

Based on our trend formula, USDCZK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.18800 23.37905 23.18155 23.33500 +0.14700
Prev. Close Volume Bid Ask Time
23.18800 2024-07-23 07:17:59
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