Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Hong Kong Dollar/Turkish Lira (FOREX:HKDTRY)
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 HKDTRY
The long term trend has been UP since Mar 22nd, 2018 at 0.505320
The intermediate term trend has been DOWN since May 30th, 2019 at 0.759425
The short term trend has been UP since Jul 23rd, 2019 at 0.729135
Smart Scan Analysis for HKDTRY
Based on a pre-defined weighted trend formula for chart analysis, HKDTRY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).