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Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

Turkish Lira/Japanese Yen (FOREX:TRYJPY)

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.

FOREX_TRYJPY
Open High Low TRYJPY Price Change
21.1610 21.3475 21.1500 21.3105 +0.1495
Entry Signal

MarketClub’s Trade Triangles for TRYJPY

long term down The long term trend has been DOWN since Oct 8th, 2017 at 30.6340

intermediate term up The intermediate term trend has been UP since Sep 26th, 2018 at 18.8020

short term down The short term trend has been DOWN since Dec 3rd, 2018 at 21.6225

Smart Scan Analysis for TRYJPY

Based on a pre-defined weighted trend formula for chart analysis, TRYJPY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for TRYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.1610 21.3475 21.1500 21.3105 +0.1495
Prev. Close Volume Bid Ask Time
21.1610 21.3020 21.3190 2018-12-10 04:28:51
Want to analyze Turkish Lira/Japanese Yen TRYJPY or another symbol? Try our Free Forex Trend Analysis Report.