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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.

Open High Low TRYJPY Price Change
19.8740 19.9330 19.8740 19.9135 +0.0395
Entry Signal

MarketClub’s Trade Triangles for TRYJPY

long term down The long term trend has been DOWN since Oct 8th, 2017 at 30.634

intermediate term up The intermediate term trend has been UP since Sep 26th, 2018 at 18.802

short term up 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).

Smart Scan Analysis for TRYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.8740 19.9330 19.8740 19.9135 +0.0395
Prev. Close Volume Bid Ask Time
19.8740 19.8910 19.9360 2018-10-21 17:52:14
Want to analyze Turkish Lira/Japanese Yen TRYJPY or another symbol? Try our Free Forex Trend Analysis Report.