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.
MarketClub’s Trade Triangles for TRYEUR
The long term trend has been DOWN since Jul 3rd, 2017 at 0.246960
The intermediate term trend has been DOWN since May 8th, 2018 at 0.194945
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).