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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

Euro/Turkish Lira (FOREX:EURTRY)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.

FOREX_EURTRY
Open High Low EURTRY Price Change
6.063185 6.113740 6.061885 6.067500 +0.004315
Entry Signal

MarketClub’s Trade Triangles for EURTRY

long term up The long term trend has been UP since May 4th, 2016 at 3.33640

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

short term up The short term trend has been UP since Dec 3rd, 2018 at 5.95474

Smart Scan Analysis for EURTRY

Based on a pre-defined weighted trend formula for chart analysis, EURTRY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for EURTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.063185 6.113740 6.061885 6.067500 +0.004315
Prev. Close Volume Bid Ask Time
6.063185 6.064080 6.070920 2018-12-12 12:20:33
Want to analyze Euro/Turkish Lira EURTRY or another symbol? Try our Free Forex Trend Analysis Report.