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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_TRYNZD
Open High Low TRYNZD Price Change
0.307065 0.310310 0.306935 0.308840 +0.001775
Entry Signal

MarketClub’s Trade Triangles for TRYNZD

long term down The long term trend has been DOWN since Oct 8th, 2017 at 0.37502

intermediate term down The intermediate term trend has been DOWN since Jul 11th, 2018 at 0.30326

short term up The short term trend has been UP since Jul 18th, 2018 at 0.30809

Smart Scan Analysis for TRYNZD

Based on a pre-defined weighted trend formula for chart analysis, TRYNZD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for TRYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.307065 0.310310 0.306935 0.308840 +0.001775
Prev. Close Volume Bid Ask Time
0.307065 0.308730 0.308950 2018-07-18 08:24:07
Want to analyze Turkish Lira/New Zealand Dollar TRYNZD or another symbol? Try our Free Forex Trend Analysis Report.