Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Turkish Lira/Euro (FOREX:TRYEUR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 TRYEUR
The long term trend has been DOWN since Jul 3rd, 2017 at 0.246960
The intermediate term trend has been UP since May 30th, 2019 at 0.149550
The short term trend has been UP since Jul 16th, 2019 at 0.156395
Smart Scan Analysis for TRYEUR
Based on a pre-defined weighted trend formula for chart analysis, TRYEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).