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.
MarketClub’s Trade Triangles for TRYCZK
The long term trend has been DOWN since Aug 25th, 2019 at 3.6665
The intermediate term trend has been DOWN since Dec 6th, 2019 at 3.9880
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).