Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Canadian Dollar/Turkish Lira (FOREX:CADTRY)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 CADTRY
The long term trend has been UP since Aug 25th, 2019 at 4.6336000
The intermediate term trend has been UP since Dec 9th, 2019 at 4.3789200
The short term trend has been DOWN since Jan 22nd, 2020 at 4.5053745
Smart Scan Analysis for CADTRY
Based on a pre-defined weighted trend formula for chart analysis, CADTRY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).