Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
US Dollar/Turkish Lira (FOREX:USDTRY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDTRY
The long term trend has been UP since Oct 8th, 2017 at 3.646705
The intermediate term trend has been DOWN since May 30th, 2019 at 5.953090
The short term trend has been UP since Jun 13th, 2019 at 5.859040
Smart Scan Analysis for USDTRY
Based on a pre-defined weighted trend formula for chart analysis, USDTRY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).