Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Euro/Turkish Lira (FOREX:EURTRY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 EURTRY
The long term trend has been UP since Oct 4th, 2016 at 3.41050
The intermediate term trend has been DOWN since May 30th, 2019 at 6.66315
The short term trend has been DOWN since Jul 17th, 2019 at 6.39090
Smart Scan Analysis for EURTRY
Based on a pre-defined weighted trend formula for chart analysis, EURTRY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).