Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Hong Kong Dollar/Turkish Lira (FOREX:HKDTRY)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 HKDTRY
The long term trend has been UP since Aug 25th, 2019 at 0.7958350
The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.7541125
The short term trend has been UP since Jan 20th, 2020 at 0.7610415
Smart Scan Analysis for HKDTRY
Based on a pre-defined weighted trend formula for chart analysis, HKDTRY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).