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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

Euro/Turkish Lira (FOREX:EURTRY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_EURTRY
Open High Low EURTRY Price Change
6.467955 6.546995 6.412900 6.534115 +0.066160
Entry Signal

MarketClub’s Trade Triangles for EURTRY

long term up The long term trend has been UP since Jan 10th, 2016 at 3.31130

intermediate term down The intermediate term trend has been DOWN since Sep 27th, 2018 at 7.01001

short term down The short term trend has been DOWN since Oct 15th, 2018 at 6.75555

Smart Scan Analysis for EURTRY

Based on a pre-defined weighted trend formula for chart analysis, EURTRY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for EURTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.467955 6.546995 6.412900 6.534115 +0.066160
Prev. Close Volume Bid Ask Time
6.467955 6.527240 6.540990 2018-10-19 14:26:57
Want to analyze Euro/Turkish Lira EURTRY or another symbol? Try our Free Forex Trend Analysis Report.