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Forex Trend Analysis Report

Prepared for you on Sunday, February 16, 2020.

Turkish Lira/Swedish Krona (FOREX:TRYSEK)

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.

FOREX_TRYSEK
Open High Low TRYSEK Price Change
1.60210 1.60810 1.59645 1.60510 +0.00300
Entry Signal

MarketClub’s Trade Triangles for TRYSEK

long term down The long term trend has been DOWN since Aug 25th, 2019 at 1.54065

intermediate term down The intermediate term trend has been DOWN since Feb 5th, 2020 at 1.59995

short term up The short term trend has been UP since Feb 14th, 2020 at 1.60560

Smart Scan Analysis for TRYSEK

Based on a pre-defined weighted trend formula for chart analysis, TRYSEK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for TRYSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.60210 1.60810 1.59645 1.60510 +0.00300
Prev. Close Volume Bid Ask Time
1.60210 1.60180 1.60840 2020-02-14 17:01:51
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