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Forex Trend Analysis Report

Prepared for you on Saturday, October 21, 2017.

Turkish Lira/South African Rand (FOREX:TRYZAR)

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.

FOREX_TRYZAR
Open High Low TRYZAR Price Change
3.70585 3.74255 3.70395 3.71735 +0.01150
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 Oct 8th, 2017 at 3.75215

short term up The short term trend has been UP since Oct 18th, 2017 at 3.67490

Smart Scan Analysis for TRYZAR

Based on a pre-defined weighted trend formula for chart analysis, TRYZAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for TRYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.70585 3.74255 3.70395 3.71735 +0.01150
Prev. Close Volume Bid Ask Time
3.71580 3.71260 3.72210 2017-10-20 18:27:35
Want to analyze Turkish Lira/South African Rand TRYZAR or another symbol? Try our Free Forex Trend Analysis Report.