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.
MarketClub’s Trade Triangles for TRYUSD
The long term trend has been DOWN since Oct 8th, 2017 at 0.274220
The intermediate term trend has been DOWN since Jul 11th, 2018 at 0.209525
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).