Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Oct 8th, 2017 at 2.14240
The intermediate term trend has been UP since Sep 27th, 2018 at 1.30350
The short term trend has been UP since Oct 9th, 2018 at 1.28335
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).