Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
Turkish Lira/Australian Dollar (FOREX:TRYAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 TRYAUD
The long term trend has been DOWN since Jul 24th, 2017 at 0.354505
The intermediate term trend has been DOWN since Sep 18th, 2017 at 0.360445
The short term trend has been UP since Sep 22nd, 2017 at 0.360775
Smart Scan Analysis for TRYAUD
Based on a pre-defined weighted trend formula for chart analysis, TRYAUD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).