Forex Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
Turkish Lira/Icelandic Krona (FOREX:TRYISK)
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 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 Apr 17th, 2018 at 24.21260
Smart Scan Analysis for TRYISK
Based on a pre-defined weighted trend formula for chart analysis, TRYISK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).