Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Euro/Turkish Lira (FOREX:EURTRY)
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 EURTRY
The long term trend has been UP since Aug 25th, 2019 at 7.035625
The intermediate term trend has been UP since Dec 5th, 2019 at 6.393450
The short term trend has been UP since Jan 20th, 2020 at 6.557720
Smart Scan Analysis for EURTRY
Based on a pre-defined weighted trend formula for chart analysis, EURTRY scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).