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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Japanese Yen/Turkish Lira (FOREX:JPYTRY)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_JPYTRY
Open High Low JPYTRY Price Change
0.05386021 0.05407603 0.05376074 0.05396472 +0.00010500
Entry Signal

MarketClub’s Trade Triangles for JPYTRY

long term up The long term trend has been UP since Mar 7th, 2019 at 0.04908200

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.05341549

short term up The short term trend has been UP since Jan 20th, 2020 at 0.05365156

Smart Scan Analysis for JPYTRY

Based on a pre-defined weighted trend formula for chart analysis, JPYTRY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for JPYTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05386021 0.05407603 0.05376074 0.05396472 +0.00010500
Prev. Close Volume Bid Ask Time
0.05386021 0.05393040 0.05399905 2020-01-21 21:20:49
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