Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, August 20, 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
5.649100 5.748005 5.636350 5.737750 +0.088650
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term down The long term trend has been DOWN since Aug 6th, 2019 at 5.510000

intermediate term up The intermediate term trend has been UP since Aug 19th, 2019 at 5.671900

short term up The short term trend has been UP since Aug 19th, 2019 at 5.606715

Smart Scan Analysis for USDTRY

Based on a pre-defined weighted trend formula for chart analysis, USDTRY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.649100 5.748005 5.636350 5.737750 +0.088650
Prev. Close Volume Bid Ask Time
5.649100 5.736570 5.738930 2019-08-20 14:30:26
Want to analyze US Dollar/Turkish Lira USDTRY or another symbol? Try our Free Forex Trend Analysis Report.