Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Turkish Lira/Swiss Franc (FOREX:TRYCHF)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 TRYCHF
The long term trend has been DOWN since Mar 22nd, 2019 at 0.17463000
The intermediate term trend has been DOWN since Dec 9th, 2019 at 0.17090564
The short term trend has been DOWN since Jan 14th, 2020 at 0.16506118
Smart Scan Analysis for TRYCHF
Based on a pre-defined weighted trend formula for chart analysis, TRYCHF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).