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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

US Dollar/Turkish Lira (FOREX:USDTRY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low USDTRY Price Change
5.882155 5.931500 5.804890 5.820175 -0.061980
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term up The long term trend has been UP since Aug 25th, 2019 at 6.245880

intermediate term up The intermediate term trend has been UP since Oct 7th, 2019 at 5.748500

short term down The short term trend has been DOWN since Oct 17th, 2019 at 5.865495

Smart Scan Analysis for USDTRY

Based on a pre-defined weighted trend formula for chart analysis, USDTRY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.882155 5.931500 5.804890 5.820175 -0.061980
Prev. Close Volume Bid Ask Time
5.882155 5.815590 5.824760 2019-10-17 23:09:26
Want to analyze US Dollar/Turkish Lira USDTRY or another symbol? Try our Free Forex Trend Analysis Report.