Forex Trend Analysis Report
Prepared for you on Thursday, March 23, 2017.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.
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 DOWN since Mar 8th, 2017 at 2.07300
The short term trend has been DOWN since Mar 22nd, 2017 at 2.13415
Smart Scan Analysis for TRYHKD
Based on a pre-defined weighted trend formula for chart analysis, TRYHKD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).