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Forex Trend Analysis Report
Prepared for you on Tuesday, May 7, 2024.
Turkish Lira/British Pound (FOREX:TRYGBP)
Bull Market Weakness (+75) - TRYGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TRYGBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid TRYGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TRYGBP
The long-term trend has been DOWN since Nov 15th, 2022 at 0.045365
The intermediate-term trend has been UP since Apr 1st, 2024 at 0.024820
The short-term trend has been UP since May 5th, 2024 at 0.024775
Smart Scan Analysis for TRYGBP
Based on our trend formula, TRYGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.024675 | 0.024825 | 0.024645 | 0.024810 | +0.000135 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.024675 | 2024-05-07 23:56:43 |