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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

Turkish Lira/British Pound (FOREX:TRYGBP)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_TRYGBP
Open High Low TRYGBP Price Change
0.134155 0.134660 0.134145 0.134635 +0.000480
Entry Signal

MarketClub’s Trade Triangles for TRYGBP

long term up The long term trend has been UP since Jul 1st, 2019 at 0.140110

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2019 at 0.138995

short term down The short term trend has been DOWN since Oct 1st, 2019 at 0.142875

Smart Scan Analysis for TRYGBP

Based on a pre-defined weighted trend formula for chart analysis, TRYGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for TRYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.134155 0.134660 0.134145 0.134635 +0.000480
Prev. Close Volume Bid Ask Time
0.134155 0.134590 0.134680 2019-10-14 09:52:15
Want to analyze Turkish Lira/British Pound TRYGBP or another symbol? Try our Free Forex Trend Analysis Report.