Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
British Pound/Turkish Lira (FOREX:GBPTRY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 7.14195
The intermediate term trend has been UP since Oct 10th, 2019 at 7.19865
The short term trend has been DOWN since Oct 21st, 2019 at 7.46900
Smart Scan Analysis for GBPTRY
Based on a pre-defined weighted trend formula for chart analysis, GBPTRY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).