Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 TRYUSD
The long term trend has been DOWN since Oct 8th, 2017 at 0.274220
The intermediate term trend has been DOWN since Apr 16th, 2019 at 0.171710
The short term trend has been UP since May 10th, 2019 at 0.165135
Smart Scan Analysis for TRYUSD
Based on a pre-defined weighted trend formula for chart analysis, TRYUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).