Forex Trend Analysis Report
Prepared for you on Monday, May 29, 2017.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 May 18th, 2017 at 2.14555
The short term trend has been DOWN since May 26th, 2017 at 2.17610
Smart Scan Analysis for TRYHKD
Based on a pre-defined weighted trend formula for chart analysis, TRYHKD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).