Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
Turkish Lira/Swedish Krona (FOREX:TRYSEK)
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.
MarketClub’s Trade Triangles for TRYSEK
The long term trend has been DOWN since Nov 16th, 2016 at 2.76440
The intermediate term trend has been DOWN since May 8th, 2018 at 2.03960
The short term trend has been UP since Jun 18th, 2018 at 1.87855
Smart Scan Analysis for TRYSEK
Based on a pre-defined weighted trend formula for chart analysis, TRYSEK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).