Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Turkish Lira/Japanese Yen (FOREX:TRYJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 TRYJPY
The long term trend has been DOWN since Oct 8th, 2017 at 30.6340
The intermediate term trend has been UP since May 30th, 2019 at 18.6100
The short term trend has been UP since Jun 18th, 2019 at 18.5495
Smart Scan Analysis for TRYJPY
Based on a pre-defined weighted trend formula for chart analysis, TRYJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).