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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)

Countertrend Down (-85) - TRYNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_TRYNZD
Open High Low TRYNZD Price Change
0.05097 0.05099 0.05093 0.05093 -0.00004
Entry Signal

MarketClub’s Trade Triangles for TRYNZD

long term down The long-term trend has been DOWN since May 4th, 2023 at 0.081300

intermediate term down The intermediate-term trend has been DOWN since Feb 18th, 2024 at 0.052830

short term up The short-term trend has been UP since Mar 17th, 2024 at 0.051375

Smart Scan Analysis for TRYNZD

Based on our trend formula, TRYNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for TRYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05097 0.05099 0.05093 0.05093 -0.00004
Prev. Close Volume Bid Ask Time
0.05097 2024-03-19 00:13:46
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