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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Turkish Lira/British Pound (FOREX:TRYGBP)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_TRYGBP
Open High Low TRYGBP Price Change
0.156505 0.157225 0.155705 0.156610 +0.000105
Entry Signal

MarketClub’s Trade Triangles for TRYGBP

long term down The long term trend has been DOWN since Sep 19th, 2017 at 0.211690

intermediate term down The intermediate term trend has been DOWN since May 14th, 2018 at 0.169180

short term down The short term trend has been DOWN since May 14th, 2018 at 0.169895

Smart Scan Analysis for TRYGBP

Based on a pre-defined weighted trend formula for chart analysis, TRYGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for TRYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.156505 0.157225 0.155705 0.156610 +0.000105
Prev. Close Volume Bid Ask Time
0.156505 0.156550 0.156670 2018-05-23 04:39:49
Want to analyze Turkish Lira/British Pound TRYGBP or another symbol? Try our Free Forex Trend Analysis Report.