Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Turkish Lira/Singapore Dollar (FOREX:TRYSGD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 TRYSGD
The long term trend has been DOWN since Oct 6th, 2017 at 0.379030
The intermediate term trend has been UP since May 28th, 2019 at 0.229195
The short term trend has been DOWN since Jul 12th, 2019 at 0.236435
Smart Scan Analysis for TRYSGD
Based on a pre-defined weighted trend formula for chart analysis, TRYSGD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).