Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Turkish Lira/Swedish Krona (FOREX:TRYSEK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 TRYSEK
The long term trend has been DOWN since Nov 16th, 2016 at 2.7644
The intermediate term trend has been DOWN since Mar 13th, 2018 at 2.1199
The short term trend has been DOWN since Mar 22nd, 2018 at 2.0691
Smart Scan Analysis for TRYSEK
Based on a pre-defined weighted trend formula for chart analysis, TRYSEK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).