Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)
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 TRYNZD
The long term trend has been DOWN since Oct 8th, 2017 at 0.37502
The intermediate term trend has been DOWN since Dec 4th, 2018 at 0.26798
The short term trend has been UP since Dec 14th, 2018 at 0.27499
Smart Scan Analysis for TRYNZD
Based on a pre-defined weighted trend formula for chart analysis, TRYNZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).