Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
Turkish Lira/Australian Dollar (FOREX:TRYAUD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 TRYAUD
The long term trend has been DOWN since Jul 24th, 2017 at 0.354505
The intermediate term trend has been UP since Feb 6th, 2018 at 0.336805
The short term trend has been UP since Feb 21st, 2018 at 0.337535
Smart Scan Analysis for TRYAUD
Based on a pre-defined weighted trend formula for chart analysis, TRYAUD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).