Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
Turkish Lira/Euro (FOREX:TRYEUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 TRYEUR
The long term trend has been DOWN since Aug 25th, 2019 at 0.142470
The intermediate term trend has been DOWN since Aug 20th, 2019 at 0.158155
The short term trend has been UP since Sep 12th, 2019 at 0.158940
Smart Scan Analysis for TRYEUR
Based on a pre-defined weighted trend formula for chart analysis, TRYEUR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).