Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Oct 8th, 2017 at 2.14240
The intermediate term trend has been DOWN since Sep 18th, 2017 at 2.24795
The short term trend has been UP since Nov 16th, 2017 at 2.02620
Smart Scan Analysis for TRYHKD
Based on a pre-defined weighted trend formula for chart analysis, TRYHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).