Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)
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 TRYNZD
The long term trend has been DOWN since Dec 5th, 2019 at 0.26517
The intermediate term trend has been UP since Jan 31st, 2020 at 0.25850
The short term trend has been DOWN since Feb 11th, 2020 at 0.25910
Smart Scan Analysis for TRYNZD
Based on a pre-defined weighted trend formula for chart analysis, TRYNZD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).