Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
Australian Dollar/Turkish Lira (FOREX:AUDTRY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 AUDTRY
The long term trend has been UP since Jul 24th, 2017 at 2.820750
The intermediate term trend has been DOWN since Feb 6th, 2018 at 2.968805
The short term trend has been UP since Feb 20th, 2018 at 3.007345
Smart Scan Analysis for AUDTRY
Based on a pre-defined weighted trend formula for chart analysis, AUDTRY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).