Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Turkish Lira/Norwegian Krone (FOREX:TRYNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 TRYNOK
The long term trend has been DOWN since Mar 22nd, 2019 at 1.5388
The intermediate term trend has been UP since Jul 1st, 2019 at 1.5054
The short term trend has been UP since Jul 16th, 2019 at 1.5027
Smart Scan Analysis for TRYNOK
Based on a pre-defined weighted trend formula for chart analysis, TRYNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).