Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Euro/Turkish Lira (FOREX:EURTRY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 EURTRY
The long term trend has been UP since Aug 25th, 2019 at 7.035625
The intermediate term trend has been UP since Aug 20th, 2019 at 6.324200
The short term trend has been DOWN since Sep 12th, 2019 at 6.291675
Smart Scan Analysis for EURTRY
Based on a pre-defined weighted trend formula for chart analysis, EURTRY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).