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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Turkish Lira/Japanese Yen (FOREX:TRYJPY)

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.

FOREX_TRYJPY
Open High Low TRYJPY Price Change
18.8040 18.8385 18.6390 18.7125 -0.0915
Entry Signal

MarketClub’s Trade Triangles for TRYJPY

long term down The long term trend has been DOWN since Oct 8th, 2017 at 30.6340

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 18.7015

short term up The short term trend has been UP since Jan 8th, 2020 at 18.2220

Smart Scan Analysis for TRYJPY

Based on a pre-defined weighted trend formula for chart analysis, TRYJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for TRYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.8040 18.8385 18.6390 18.7125 -0.0915
Prev. Close Volume Bid Ask Time
18.8040 18.6910 18.7340 2020-01-17 17:14:19
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