Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
Turkish Lira/Icelandic Krona (FOREX:TRYISK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 TRYISK
The long term trend has been DOWN since Oct 9th, 2017 at 28.57715
The intermediate term trend has been DOWN since Jan 15th, 2018 at 27.27375
The short term trend has been UP since Jan 22nd, 2018 at 27.27590
Smart Scan Analysis for TRYISK
Based on a pre-defined weighted trend formula for chart analysis, TRYISK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).