Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Turkish Lira/Icelandic Krona (FOREX:TRYISK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Nov 2nd, 2018 at 22.1710
The intermediate term trend has been UP since Sep 12th, 2018 at 17.8915
The short term trend has been UP since Nov 12th, 2018 at 22.5465
Smart Scan Analysis for TRYISK
Based on a pre-defined weighted trend formula for chart analysis, TRYISK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).