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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Turkish Lira/Japanese Yen (FOREX:TRYJPY)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
23.180 23.532 22.396 22.627 -0.553
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 down The intermediate term trend has been DOWN since May 4th, 2018 at 25.480

short term down The short term trend has been DOWN since May 21st, 2018 at 24.484

Smart Scan Analysis for TRYJPY

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

-100
Smart Scan Analysis for TRYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.180 23.532 22.396 22.627 -0.553
Prev. Close Volume Bid Ask Time
23.180 22.615 22.639 2018-05-23 06:30:46
Want to analyze Turkish Lira/Japanese Yen TRYJPY or another symbol? Try our Free Forex Trend Analysis Report.