Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
Turkish Lira/Icelandic Krona (FOREX:TRYISK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 TRYISK
The long term trend has been DOWN since Mar 18th, 2019 at 21.0545
The intermediate term trend has been DOWN since Apr 12th, 2019 at 20.7040
The short term trend has been DOWN since Apr 18th, 2019 at 20.5950
Smart Scan Analysis for TRYISK
Based on a pre-defined weighted trend formula for chart analysis, TRYISK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).