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Forex Trend Analysis Report

Prepared for you on Wednesday, January 24, 2018.

Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
2.0751 2.0828 2.0715 2.0828 +0.0077
Entry Signal

MarketClub’s Trade Triangles for TRYHKD

long term down The long term trend has been DOWN since Oct 8th, 2017 at 2.1424

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2018 at 2.0415

short term up The short term trend has been UP since Jan 24th, 2018 at 2.0763

Smart Scan Analysis for TRYHKD

Based on a pre-defined weighted trend formula for chart analysis, TRYHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for TRYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0751 2.0828 2.0715 2.0828 +0.0077
Prev. Close Volume Bid Ask Time
2.0751 2.0825 2.0831 2018-01-24 04:59:53
Want to analyze Turkish Lira/Hong Kong Dollar TRYHKD or another symbol? Try our Free Forex Trend Analysis Report.