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.
MarketClub’s Trade Triangles for NZDTRY
The long term trend has been UP since Dec 5th, 2019 at 3.77230
The intermediate term trend has been UP since Oct 8th, 2019 at 3.66555
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).