Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Turkish Lira/Australian Dollar (FOREX:TRYAUD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 TRYAUD
The long term trend has been DOWN since Jul 24th, 2017 at 0.354505
The intermediate term trend has been DOWN since May 8th, 2018 at 0.310165
The short term trend has been DOWN since May 11th, 2018 at 0.307985
Smart Scan Analysis for TRYAUD
Based on a pre-defined weighted trend formula for chart analysis, TRYAUD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).