Forex Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
Turkish Lira/South African Rand (FOREX:TRYZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 TRYZAR
The long term trend has been DOWN since Apr 13th, 2016 at 5.14740
The intermediate term trend has been DOWN since Apr 23rd, 2017 at 3.57640
The short term trend has been UP since Apr 24th, 2017 at 3.63045
Smart Scan Analysis for TRYZAR
Based on a pre-defined weighted trend formula for chart analysis, TRYZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).