Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Turkish Lira/South African Rand (FOREX:TRYZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 TRYZAR
The long term trend has been DOWN since Oct 8th, 2017 at 3.63620
The intermediate term trend has been UP since Oct 8th, 2018 at 2.42755
The short term trend has been UP since Nov 15th, 2018 at 2.65270
Smart Scan Analysis for TRYZAR
Based on a pre-defined weighted trend formula for chart analysis, TRYZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).