Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
British Pound/Turkish Lira (FOREX:GBPTRY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 GBPTRY
The long term trend has been UP since Sep 19th, 2017 at 4.726800
The intermediate term trend has been UP since May 14th, 2018 at 5.912315
The short term trend has been DOWN since Aug 15th, 2018 at 8.015850
Smart Scan Analysis for GBPTRY
Based on a pre-defined weighted trend formula for chart analysis, GBPTRY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).