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Forex Trend Analysis Report

Prepared for you on Sunday, July 22, 2018.

Turkish Lira/US Dollar (FOREX:TRYUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_TRYUSD
Open High Low TRYUSD Price Change
0.20877 0.20877 0.20865 0.20865 -0.00012
Entry Signal

MarketClub’s Trade Triangles for TRYUSD

long term down The long term trend has been DOWN since Oct 8th, 2017 at 0.274220

intermediate term down The intermediate term trend has been DOWN since Jul 11th, 2018 at 0.209525

short term up The short term trend has been UP since Jul 17th, 2018 at 0.207395

Smart Scan Analysis for TRYUSD

Based on a pre-defined weighted trend formula for chart analysis, TRYUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for TRYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20877 0.20877 0.20865 0.20865 -0.00012
Prev. Close Volume Bid Ask Time
0.20877 0.20861 0.20869 2018-07-22 02:08:07
Want to analyze Turkish Lira/US Dollar TRYUSD or another symbol? Try our Free Forex Trend Analysis Report.