Forex Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
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 positive trend to resume. Uptrend 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 UP since Oct 8th, 2017 at 0.274940
The intermediate term trend has been UP since May 8th, 2018 at 0.342725
The short term trend has been DOWN since May 18th, 2018 at 0.352050
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).