Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
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.
MarketClub’s Trade Triangles for TRYHKD
The long term trend has been DOWN since Oct 8th, 2017 at 2.14240
The intermediate term trend has been UP since Jan 23rd, 2019 at 1.48590
The short term trend has been UP since Feb 13th, 2019 at 1.49665
Smart Scan Analysis for TRYHKD
Based on a pre-defined weighted trend formula for chart analysis, TRYHKD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).