Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
British Pound/Turkish Lira (FOREX:GBPTRY)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GBPTRY
The long term trend has been UP since Sep 19th, 2017 at 4.726800
The intermediate term trend has been UP since Sep 12th, 2017 at 4.534600
The short term trend has been UP since Oct 22nd, 2017 at 4.864325
Smart Scan Analysis for GBPTRY
Based on a pre-defined weighted trend formula for chart analysis, GBPTRY scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).