Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Turkish Lira/Australian Dollar (FOREX:TRYAUD)
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.
MarketClub’s Trade Triangles for TRYAUD
The long term trend has been DOWN since Dec 18th, 2019 at 0.247160
The intermediate term trend has been DOWN since Dec 9th, 2019 at 0.252525
The short term trend has been UP since Jan 2nd, 2020 at 0.240820
Smart Scan Analysis for TRYAUD
Based on a pre-defined weighted trend formula for chart analysis, TRYAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).