Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Turkish Lira/Swiss Franc (FOREX:TRYCHF)
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.
MarketClub’s Trade Triangles for TRYCHF
The long term trend has been UP since Jan 1st, 2019 at 0.193670
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 0.182835
The short term trend has been UP since Jan 15th, 2019 at 0.181385
Smart Scan Analysis for TRYCHF
Based on a pre-defined weighted trend formula for chart analysis, TRYCHF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).