Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
Turkish Lira/Japanese Yen (FOREX:TRYJPY)
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 TRYJPY
The long term trend has been DOWN since Oct 8th, 2017 at 30.634
The intermediate term trend has been UP since Sep 26th, 2018 at 18.802
The short term trend has been UP since Oct 11th, 2018 at 19.060
Smart Scan Analysis for TRYJPY
Based on a pre-defined weighted trend formula for chart analysis, TRYJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).