Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 Aug 25th, 2019 at 0.16011000
The intermediate term trend has been UP since Oct 30th, 2019 at 0.17541000
The short term trend has been UP since Nov 13th, 2019 at 0.17374632
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).