Forex Trend Analysis Report
Prepared for you on Sunday, April 22, 2018.
Australian Dollar/Turkish Lira (FOREX:AUDTRY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 AUDTRY
The long term trend has been UP since Jul 24th, 2017 at 2.820750
The intermediate term trend has been UP since Mar 12th, 2018 at 3.009650
The short term trend has been DOWN since Apr 17th, 2018 at 3.175955
Smart Scan Analysis for AUDTRY
Based on a pre-defined weighted trend formula for chart analysis, AUDTRY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).