Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 TRYHKD
The long term trend has been UP since Feb 2nd, 2017 at 2.08165
The intermediate term trend has been UP since Mar 27th, 2017 at 2.16370
The short term trend has been UP since Apr 20th, 2017 at 2.13875
Smart Scan Analysis for TRYHKD
Based on a pre-defined weighted trend formula for chart analysis, TRYHKD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).