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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

Turkish Lira/Singapore Dollar (FOREX:TRYSGD)

Countertrend Down (-85) - TRYSGD 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 TRYSGD?

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

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

FOREX_TRYSGD
Open High Low TRYSGD Price Change
0.04175240 0.04199658 0.04167023 0.04194141 +0.00018900
Entry Signal

MarketClub’s Trade Triangles for TRYSGD

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 0.15197753

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2024 at 0.04106500

short term up The short-term trend has been UP since Apr 26th, 2024 at 0.04195056

Smart Scan Analysis for TRYSGD

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

-85
Smart Scan Analysis for TRYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04175240 0.04199658 0.04167023 0.04194141 +0.00018900
Prev. Close Volume Bid Ask Time
0.04175240 2024-04-26 17:05:20
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