Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
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 Jan 5th, 2022 at 21.70495
The intermediate-term trend has been DOWN since Dec 12th, 2021 at 22.34770
The short-term trend has been UP since Jan 16th, 2022 at 21.54065
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).