Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Czech Koruna/Turkish Lira (FOREX:CZKTRY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 DOWN since Sep 27th, 2018 at 0.274896
The short term trend has been DOWN since Oct 9th, 2018 at 0.272118
Smart Scan Analysis for CZKTRY
Based on a pre-defined weighted trend formula for chart analysis, CZKTRY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).