Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Turkish Lira/Canadian Dollar (FOREX:TRYCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 TRYCAD
The long term trend has been DOWN since Aug 25th, 2019 at 0.215845
The intermediate term trend has been UP since Nov 4th, 2019 at 0.231190
The short term trend has been UP since Nov 13th, 2019 at 0.229900
Smart Scan Analysis for TRYCAD
Based on a pre-defined weighted trend formula for chart analysis, TRYCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).