Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Turkish Lira/South African Rand (FOREX:TRYZAR)

Sidelines Mode (+55) - TRYZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

Open	High	Low	TRYZAR Price	Change
0.57050845	0.59964430	0.57041542	0.59331933	+0.02281100
Entry Signal

MarketClub’s Trade Triangles for TRYZAR

The long-term trend has been DOWN since Dec 15th, 2023 at 0.62674375

The intermediate-term trend has been UP since Apr 18th, 2024 at 0.59355000

The short-term trend has been DOWN since Apr 19th, 2024 at 0.57556194

Smart Scan Analysis for TRYZAR

Based on our trend formula, TRYZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.57050845	0.59964430	0.57041542	0.59331933	+0.02281100
Prev. Close	Volume	Bid	Ask	Time
0.57050845				2024-04-19 17:02:45

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