Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 TRYUSD
The long term trend has been DOWN since Oct 8th, 2017 at 0.27422
The intermediate term trend has been UP since Jan 24th, 2019 at 0.18970
The short term trend has been UP since Feb 13th, 2019 at 0.19071
Smart Scan Analysis for TRYUSD
Based on a pre-defined weighted trend formula for chart analysis, TRYUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).