Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
New Zealand Dollar/Turkish Lira (FOREX:NZDTRY)
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 NZDTRY
The long term trend has been UP since Oct 8th, 2017 at 2.669000
The intermediate term trend has been UP since Jul 11th, 2018 at 3.297500
The short term trend has been DOWN since Aug 15th, 2018 at 4.149515
Smart Scan Analysis for NZDTRY
Based on a pre-defined weighted trend formula for chart analysis, NZDTRY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).