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Forex Trend Analysis Report

Prepared for you on Tuesday, May 22, 2018.

Turkish Lira/South African Rand (FOREX:TRYZAR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

FOREX_TRYZAR
Open High Low TRYZAR Price Change
2.7653 2.7674 2.6174 2.6361 -0.1292
Entry Signal

MarketClub’s Trade Triangles for TRYZAR

long term down The long term trend has been DOWN since Oct 8th, 2017 at 3.63620

intermediate term down The intermediate term trend has been DOWN since May 8th, 2018 at 2.91785

short term down The short term trend has been DOWN since May 21st, 2018 at 2.79515

Smart Scan Analysis for TRYZAR

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

-100
Smart Scan Analysis for TRYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7653 2.7674 2.6174 2.6361 -0.1292
Prev. Close Volume Bid Ask Time
2.7653 2.6341 2.6381 2018-05-22 22:54:20
Want to analyze Turkish Lira/South African Rand TRYZAR or another symbol? Try our Free Forex Trend Analysis Report.