Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Turkish Lira/South African Rand (FOREX:TRYZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 UP since May 4th, 2017 at 3.82300
The intermediate term trend has been UP since Jul 31st, 2017 at 3.75745
The short term trend has been DOWN since Aug 14th, 2017 at 3.77055
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).