Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
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 Jan 2nd, 2019 at 0.237660
The short term trend has been DOWN since Jan 15th, 2019 at 0.243944
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).