Forex Trend Analysis Report
Prepared for you on Sunday, September 22, 2019.
Turkish Lira/Canadian Dollar (FOREX:TRYCAD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 TRYCAD
The long term trend has been DOWN since Aug 25th, 2019 at 0.215845
The intermediate term trend has been DOWN since Aug 20th, 2019 at 0.232265
The short term trend has been DOWN since Sep 20th, 2019 at 0.230870
Smart Scan Analysis for TRYCAD
Based on a pre-defined weighted trend formula for chart analysis, TRYCAD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).