Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Euro/Turkish Lira (FOREX:EURTRY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 EURTRY
The long term trend has been UP since Apr 10th, 2016 at 3.315700
The intermediate term trend has been DOWN since Jan 23rd, 2019 at 6.024135
The short term trend has been UP since Feb 18th, 2019 at 6.012265
Smart Scan Analysis for EURTRY
Based on a pre-defined weighted trend formula for chart analysis, EURTRY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).