Forex Trend Analysis Report
Prepared for you on Saturday, July 22, 2017.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.
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 Jul 3rd, 2017 at 2.19830
The short term trend has been DOWN since Jul 21st, 2017 at 2.20440
Smart Scan Analysis for TRYHKD
Based on a pre-defined weighted trend formula for chart analysis, TRYHKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).