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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.

FOREX_TRYGBP
Open High Low TRYGBP Price Change
0.130510 0.130700 0.128960 0.130065 -0.000445
Entry Signal

MarketClub’s Trade Triangles for TRYGBP

long term down The long term trend has been DOWN since Sep 19th, 2017 at 0.211690

intermediate term up The intermediate term trend has been UP since May 20th, 2019 at 0.130605

short term up 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).

+70
Smart Scan Analysis for TRYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.130510 0.130700 0.128960 0.130065 -0.000445
Prev. Close Volume Bid Ask Time
0.130510 0.129990 0.130140 2019-05-21 15:40:01
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