Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Swiss Franc/Turkish Lira (FOREX:CHFTRY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 CHFTRY
The long term trend has been UP since Mar 22nd, 2019 at 5.72640
The intermediate term trend has been DOWN since Jul 1st, 2019 at 5.79795
The short term trend has been UP since Jul 7th, 2019 at 5.74755
Smart Scan Analysis for CHFTRY
Based on a pre-defined weighted trend formula for chart analysis, CHFTRY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).