Forex Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
US Dollar/Turkish Lira (FOREX:USDTRY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 USDTRY
The long term trend has been UP since Oct 8th, 2017 at 3.646705
The intermediate term trend has been DOWN since Jan 25th, 2018 at 3.732005
The short term trend has been UP since Feb 20th, 2018 at 3.772010
Smart Scan Analysis for USDTRY
Based on a pre-defined weighted trend formula for chart analysis, USDTRY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).