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.
MarketClub’s Trade Triangles for USDTRY
The long term trend has been UP since Oct 8th, 2017 at 3.646705
The intermediate term trend has been DOWN since Dec 5th, 2017 at 3.849500
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).