Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 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 UP since Mar 22nd, 2019 at 4.002150
The intermediate term trend has been DOWN since May 21st, 2019 at 4.149325
The short term trend has been DOWN since Jun 18th, 2019 at 4.014710
Smart Scan Analysis for AUDTRY
Based on a pre-defined weighted trend formula for chart analysis, AUDTRY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).