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Forex Trend Analysis Report

Prepared for you on Monday, October 15, 2018.

Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

FOREX_TRYHKD
Open High Low TRYHKD Price Change
1.33110 1.36200 1.33000 1.35575 +0.02465
Entry Signal

MarketClub’s Trade Triangles for TRYHKD

long term down The long term trend has been DOWN since Oct 8th, 2017 at 2.14240

intermediate term up The intermediate term trend has been UP since Sep 27th, 2018 at 1.30350

short term up The short term trend has been UP since Oct 9th, 2018 at 1.28335

Smart Scan Analysis for TRYHKD

Based on a pre-defined weighted trend formula for chart analysis, TRYHKD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for TRYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.33110 1.36200 1.33000 1.35575 +0.02465
Prev. Close Volume Bid Ask Time
1.33110 1.35400 1.35750 2018-10-15 16:02:24
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