Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
New Zealand Dollar/Turkish Lira (FOREX:NZDTRY)
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.
MarketClub’s Trade Triangles for NZDTRY
The long term trend has been UP since Oct 8th, 2017 at 2.66900
The intermediate term trend has been DOWN since Sep 13th, 2018 at 3.96215
The short term trend has been DOWN since Oct 15th, 2018 at 3.80588
Smart Scan Analysis for NZDTRY
Based on a pre-defined weighted trend formula for chart analysis, NZDTRY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).