Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Turkish Lira/British Pound (FOREX:TRYGBP)
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 TRYGBP
The long term trend has been DOWN since Sep 19th, 2017 at 0.211690
The intermediate term trend has been UP since May 20th, 2019 at 0.130605
The short term trend has been UP since May 10th, 2019 at 0.126715
Smart Scan Analysis for TRYGBP
Based on a pre-defined weighted trend formula for chart analysis, TRYGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).