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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

New Zealand Dollar/Turkish Lira (FOREX:NZDTRY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.

FOREX_NZDTRY
Open High Low NZDTRY Price Change
3.912965 3.925650 3.904250 3.908270 -0.004695
Entry Signal

MarketClub’s Trade Triangles for NZDTRY

long term up The long term trend has been UP since Dec 5th, 2019 at 3.77230

intermediate term up The intermediate term trend has been UP since Oct 8th, 2019 at 3.66555

short term up The short term trend has been UP since Jan 20th, 2020 at 3.90620

Smart Scan Analysis for NZDTRY

Based on a pre-defined weighted trend formula for chart analysis, NZDTRY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for NZDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.912965 3.925650 3.904250 3.908270 -0.004695
Prev. Close Volume Bid Ask Time
3.912965 3.905350 3.911190 2020-01-21 21:02:50
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