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.
MarketClub’s Trade Triangles for TRYJPY
The long term trend has been DOWN since Oct 8th, 2017 at 30.6340
The intermediate term trend has been UP since Sep 26th, 2018 at 18.8020
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).