Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
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 Aug 25th, 2019 at 6.245880
The intermediate term trend has been DOWN since Jan 16th, 2020 at 5.852175
The short term trend has been UP since Jan 20th, 2020 at 5.910065
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).