Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Turkish Lira/Singapore Dollar (FOREX:TRYSGD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
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 Jan 31st, 2019 at 0.259130
The short term trend has been DOWN since Feb 7th, 2019 at 0.258325
Smart Scan Analysis for TRYSGD
Based on a pre-defined weighted trend formula for chart analysis, TRYSGD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).