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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Turkish Lira/British Pound (FOREX:TRYGBP)

Bear Market Rally (-75) - TRYGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYGBP as it may be in the beginning 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.

FOREX_TRYGBP
Open High Low TRYGBP Price Change
0.024315 0.024375 0.024090 0.024375 +0.000060
Entry Signal

MarketClub’s Trade Triangles for TRYGBP

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 0.045365

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2023 at 0.029430

short term up The short-term trend has been UP since Mar 17th, 2024 at 0.024720

Smart Scan Analysis for TRYGBP

Based on our trend formula, TRYGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for TRYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.024315 0.024375 0.024090 0.024375 +0.000060
Prev. Close Volume Bid Ask Time
0.024315 2024-03-19 05:11:03
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