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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Turkish Lira/Russian Ruble (FOREX:TRYRUB)
Bear Market Rally (-75) - TRYRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYRUB as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid TRYRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYRUB.
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 TRYRUB
The long-term trend has been DOWN since May 30th, 2023 at 3.6616841
The intermediate-term trend has been DOWN since Apr 19th, 2024 at 2.8319020
The short-term trend has been UP since May 8th, 2024 at 2.8575122
Smart Scan Analysis for TRYRUB
Based on our trend formula, TRYRUB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.8417099 | 2.8499713 | 2.8344003 | 2.8495431 | +0.0078330 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.8417099 | 2024-05-09 01:37:52 |