Forex Trend Analysis Report
Prepared for you on Wednesday, November 22, 2017.
Turkish Lira/British Pound (FOREX:TRYGBP)
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 TRYGBP
The long term trend has been DOWN since Sep 19th, 2017 at 0.211690
The intermediate term trend has been DOWN since Sep 12th, 2017 at 0.220595
The short term trend has been DOWN since Oct 31st, 2017 at 0.198570
Smart Scan Analysis for TRYGBP
Based on a pre-defined weighted trend formula for chart analysis, TRYGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).