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.
MarketClub’s Trade Triangles for TRYHKD
The long term trend has been DOWN since Oct 8th, 2017 at 2.1424
The intermediate term trend has been DOWN since Jan 17th, 2018 at 2.0415
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).