Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Turkish Lira/South African Rand (FOREX:TRYZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 TRYZAR
The long term trend has been DOWN since Dec 13th, 2019 at 2.4862000
The intermediate term trend has been UP since Jan 13th, 2020 at 2.4469622
The short term trend has been DOWN since Feb 11th, 2020 at 2.4819000
Smart Scan Analysis for TRYZAR
Based on a pre-defined weighted trend formula for chart analysis, TRYZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).