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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Turkish Lira/Norwegian Krone (FOREX:TRYNOK)

Long-Term Downtrend (-90) - TRYNOK is in a strong downtrend that is likely to continue. While TRYNOK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid TRYNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for TRYNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TRYNOK
Open High Low TRYNOK Price Change
0.33000 0.33125 0.32670 0.33095 +0.00095
Entry Signal

MarketClub’s Trade Triangles for TRYNOK

long term down The long-term trend has been DOWN since May 31st, 2023 at 0.52430

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 0.33860

short term down The short-term trend has been DOWN since Mar 19th, 2024 at 0.32745

Smart Scan Analysis for TRYNOK

Based on our trend formula, TRYNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TRYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.33000 0.33125 0.32670 0.33095 +0.00095
Prev. Close Volume Bid Ask Time
0.33000 2024-03-19 07:05:35
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