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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.

FOREX_EURTRY
Open High Low EURTRY Price Change
6.337930 6.372800 6.320000 6.342315 +0.004385
Entry Signal

MarketClub’s Trade Triangles for EURTRY

long term up The long term trend has been UP since Oct 4th, 2016 at 3.41050

intermediate term down The intermediate term trend has been DOWN since May 30th, 2019 at 6.66315

short term down 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).

-70
Smart Scan Analysis for EURTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.337930 6.372800 6.320000 6.342315 +0.004385
Prev. Close Volume Bid Ask Time
6.337930 6.336260 6.348370 2019-07-19 17:27:02
Want to analyze Euro/Turkish Lira EURTRY or another symbol? Try our Free Forex Trend Analysis Report.