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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.

FOREX_USDTRY
Open High Low USDTRY Price Change
5.899005 5.927700 5.899005 5.917400 +0.018395
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term up The long term trend has been UP since Oct 8th, 2017 at 3.646705

intermediate term down The intermediate term trend has been DOWN since May 30th, 2019 at 5.953090

short term up 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).

+75
Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.899005 5.927700 5.899005 5.917400 +0.018395
Prev. Close Volume Bid Ask Time
5.899005 5.916400 5.918400 2019-06-16 22:55:40
Want to analyze US Dollar/Turkish Lira USDTRY or another symbol? Try our Free Forex Trend Analysis Report.