Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Turkish Lira/Swedish Krona (FOREX:TRYSEK)
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 TRYSEK
The long term trend has been DOWN since Nov 16th, 2016 at 2.7644
The intermediate term trend has been UP since Oct 1st, 2018 at 1.4904
The short term trend has been DOWN since Dec 11th, 2018 at 1.6817
Smart Scan Analysis for TRYSEK
Based on a pre-defined weighted trend formula for chart analysis, TRYSEK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).