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Forex Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

Turkish Lira/Euro (FOREX:TRYEUR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

FOREX_TRYEUR
Open High Low TRYEUR Price Change
0.144555 0.146165 0.143290 0.143705 -0.000850
Entry Signal

MarketClub’s Trade Triangles for TRYEUR

long term down The long term trend has been DOWN since Jul 3rd, 2017 at 0.246960

intermediate term down The intermediate term trend has been DOWN since May 8th, 2018 at 0.194945

short term up The short term trend has been UP since Aug 15th, 2018 at 0.139695

Smart Scan Analysis for TRYEUR

Based on a pre-defined weighted trend formula for chart analysis, TRYEUR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for TRYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.144555 0.146165 0.143290 0.143705 -0.000850
Prev. Close Volume Bid Ask Time
0.144555 0.143490 0.143920 2018-08-20 03:30:23
Want to analyze Turkish Lira/Euro TRYEUR or another symbol? Try our Free Forex Trend Analysis Report.