Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Czech Koruna/Turkish Lira (FOREX:CZKTRY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CZKTRY
The long term trend has been UP since May 17th, 2017 at 0.151495
The intermediate term trend has been UP since Jul 9th, 2018 at 0.214060
The short term trend has been DOWN since Aug 15th, 2018 at 0.277898
Smart Scan Analysis for CZKTRY
Based on a pre-defined weighted trend formula for chart analysis, CZKTRY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).