Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Australian Dollar/Turkish Lira (FOREX:AUDTRY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.
MarketClub’s Trade Triangles for AUDTRY
The long term trend has been DOWN since Dec 19th, 2018 at 3.75948
The intermediate term trend has been UP since Feb 20th, 2019 at 3.83945
The short term trend has been UP since Mar 7th, 2019 at 3.82905
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).