Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Turkish Lira/Polish New Zloty (FOREX:TRYPLN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 TRYPLN
The long term trend has been DOWN since Jul 20th, 2016 at 1.29150
The intermediate term trend has been DOWN since Feb 26th, 2019 at 0.71463
The short term trend has been UP since Mar 6th, 2019 at 0.70760
Smart Scan Analysis for TRYPLN
Based on a pre-defined weighted trend formula for chart analysis, TRYPLN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).