Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
British Pound/Turkish Lira (FOREX:GBPTRY)
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.
MarketClub’s Trade Triangles for GBPTRY
The long term trend has been DOWN since Jul 1st, 2019 at 7.141950
The intermediate term trend has been UP since Aug 22nd, 2019 at 7.045085
The short term trend has been UP since Aug 12th, 2019 at 6.722250
Smart Scan Analysis for GBPTRY
Based on a pre-defined weighted trend formula for chart analysis, GBPTRY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).