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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Australian Dollar/Turkish Lira (FOREX:AUDTRY)

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_AUDTRY
Open High Low AUDTRY Price Change
4.01917 4.02315 4.00599 4.01717 -0.00200
Entry Signal

MarketClub’s Trade Triangles for AUDTRY

long term up The long term trend has been UP since Dec 18th, 2019 at 4.050450

intermediate term down The intermediate term trend has been DOWN since Jan 27th, 2020 at 4.014445

short term down The short term trend has been DOWN since Jan 27th, 2020 at 4.045045

Smart Scan Analysis for AUDTRY

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

-60
Smart Scan Analysis for AUDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.01917 4.02315 4.00599 4.01717 -0.00200
Prev. Close Volume Bid Ask Time
4.01917 4.01412 4.02022 2020-01-28 18:16:43
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