Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 TRYUSD
The long term trend has been DOWN since Aug 25th, 2019 at 0.16011000
The intermediate term trend has been UP since Jan 16th, 2020 at 0.17086691
The short term trend has been DOWN since Jan 17th, 2020 at 0.16944271
Smart Scan Analysis for TRYUSD
Based on a pre-defined weighted trend formula for chart analysis, TRYUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).