Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Turkish Lira/British Pound (FOREX:TRYGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 TRYGBP
The long term trend has been DOWN since Sep 19th, 2017 at 0.21169
The intermediate term trend has been DOWN since May 14th, 2018 at 0.16918
The short term trend has been UP since Aug 15th, 2018 at 0.12478
Smart Scan Analysis for TRYGBP
Based on a pre-defined weighted trend formula for chart analysis, TRYGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).