Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Turkish Lira/Euro (FOREX:TRYEUR)
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 TRYEUR
The long term trend has been DOWN since Jul 3rd, 2017 at 0.24696
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 0.16256
The short term trend has been UP since Jan 15th, 2019 at 0.16044
Smart Scan Analysis for TRYEUR
Based on a pre-defined weighted trend formula for chart analysis, TRYEUR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).