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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Turkish Lira/Czech Koruna (FOREX:TRYCZK)

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.

FOREX_TRYCZK
Open High Low TRYCZK Price Change
3.8535 3.8605 3.8430 3.8465 -0.0070
Entry Signal

MarketClub’s Trade Triangles for TRYCZK

long term down The long term trend has been DOWN since Aug 25th, 2019 at 3.6665

intermediate term down The intermediate term trend has been DOWN since Dec 6th, 2019 at 3.9880

short term up The short term trend has been UP since Jan 24th, 2020 at 3.8405

Smart Scan Analysis for TRYCZK

Based on a pre-defined weighted trend formula for chart analysis, TRYCZK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for TRYCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8535 3.8605 3.8430 3.8465 -0.0070
Prev. Close Volume Bid Ask Time
3.8535 3.8430 3.8500 2020-01-29 10:55:15
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