Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Turkish Lira/Czech Koruna (FOREX:TRYCZK)
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 TRYCZK
The long term trend has been DOWN since May 17th, 2017 at 6.6010
The intermediate term trend has been UP since Jan 23rd, 2019 at 4.2735
The short term trend has been DOWN since Feb 13th, 2019 at 4.3295
Smart Scan Analysis for TRYCZK
Based on a pre-defined weighted trend formula for chart analysis, TRYCZK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).