Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Turkish Lira/British Pound (FOREX:TRYGBP)
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 TRYGBP
The long term trend has been DOWN since Sep 19th, 2017 at 0.21169
The intermediate term trend has been UP since Sep 27th, 2018 at 0.12717
The short term trend has been UP since Oct 9th, 2018 at 0.12537
Smart Scan Analysis for TRYGBP
Based on a pre-defined weighted trend formula for chart analysis, TRYGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).