Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Turkish Lira/Swiss Franc (FOREX:TRYCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 0.174630
The intermediate term trend has been UP since Sep 18th, 2019 at 0.175505
The short term trend has been DOWN since Sep 20th, 2019 at 0.172740
Smart Scan Analysis for TRYCHF
Based on a pre-defined weighted trend formula for chart analysis, TRYCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).