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Forex Trend Analysis Report

Prepared for you on Tuesday, April 24, 2018.

Turkish Lira/US Dollar (FOREX:TRYUSD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_TRYUSD
Open High Low TRYUSD Price Change
0.243730 0.245020 0.243630 0.244775 +0.001045
Entry Signal

MarketClub’s Trade Triangles for TRYUSD

long term down The long term trend has been DOWN since Oct 8th, 2017 at 0.27422

intermediate term down The intermediate term trend has been DOWN since Mar 5th, 2018 at 0.26135

short term down The short term trend has been DOWN since Apr 23rd, 2018 at 0.24483

Smart Scan Analysis for TRYUSD

Based on a pre-defined weighted trend formula for chart analysis, TRYUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for TRYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.243730 0.245020 0.243630 0.244775 +0.001045
Prev. Close Volume Bid Ask Time
0.243730 0.244750 0.244800 2018-04-24 08:11:57
Want to analyze Turkish Lira/US Dollar TRYUSD or another symbol? Try our Free Forex Trend Analysis Report.