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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.

FOREX_TRYHKD
Open High Low TRYHKD Price Change
2.02450 2.02740 2.00135 2.01510 -0.00940
Entry Signal

MarketClub’s Trade Triangles for TRYHKD

long term down The long term trend has been DOWN since Oct 8th, 2017 at 2.14240

intermediate term down The intermediate term trend has been DOWN since Sep 18th, 2017 at 2.24795

short term up 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).

-85
Smart Scan Analysis for TRYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.02450 2.02740 2.00135 2.01510 -0.00940
Prev. Close Volume Bid Ask Time
2.02450 2.01420 2.01600 2017-11-17 18:19:25
Want to analyze Turkish Lira/Hong Kong Dollar TRYHKD or another symbol? Try our Free Forex Trend Analysis Report.