Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
Hong Kong Dollar/Turkish Lira (FOREX:HKDTRY)
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 HKDTRY
The long term trend has been UP since Oct 8th, 2017 at 0.466795
The intermediate term trend has been UP since Sep 18th, 2017 at 0.444855
The short term trend has been DOWN since Nov 16th, 2017 at 0.493505
Smart Scan Analysis for HKDTRY
Based on a pre-defined weighted trend formula for chart analysis, HKDTRY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).