Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
South African Rand/Turkish Lira (FOREX:ZARTRY)
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.
MarketClub’s Trade Triangles for ZARTRY
The long term trend has been DOWN since May 4th, 2017 at 0.261575
The intermediate term trend has been DOWN since Sep 11th, 2017 at 0.263180
The short term trend has been UP since Sep 19th, 2017 at 0.262910
Smart Scan Analysis for ZARTRY
Based on a pre-defined weighted trend formula for chart analysis, ZARTRY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).