Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Australian Dollar/Turkish Lira (FOREX:AUDTRY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 AUDTRY
The long term trend has been DOWN since Jul 29th, 2019 at 3.870665
The intermediate term trend has been UP since Aug 25th, 2019 at 3.917800
The short term trend has been DOWN since Sep 12th, 2019 at 3.912355
Smart Scan Analysis for AUDTRY
Based on a pre-defined weighted trend formula for chart analysis, AUDTRY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).