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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2017.

US Dollar/Turkish Lira (FOREX:USDTRY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_USDTRY
Open High Low USDTRY Price Change
3.834905 3.835275 3.824040 3.829900 -0.005005
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term up The long term trend has been UP since Oct 8th, 2017 at 3.646705

intermediate term down The intermediate term trend has been DOWN since Dec 5th, 2017 at 3.849500

short term down The short term trend has been DOWN since Dec 4th, 2017 at 3.903800

Smart Scan Analysis for USDTRY

Based on a pre-defined weighted trend formula for chart analysis, USDTRY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.834905 3.835275 3.824040 3.829900 -0.005005
Prev. Close Volume Bid Ask Time
3.834905 3.828900 3.830900 2017-12-11 04:12:36
Want to analyze US Dollar/Turkish Lira USDTRY or another symbol? Try our Free Forex Trend Analysis Report.