Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Turkish Lira/Czech Koruna (FOREX:TRYCZK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 TRYCZK
The long term trend has been DOWN since May 17th, 2017 at 6.601
The intermediate term trend has been UP since Sep 27th, 2018 at 3.638
The short term trend has been DOWN since Dec 3rd, 2018 at 4.363
Smart Scan Analysis for TRYCZK
Based on a pre-defined weighted trend formula for chart analysis, TRYCZK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).