Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Turkish Lira/Australian Dollar (FOREX:TRYAUD)
Strong Downtrend (-100) - TRYAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TRYAUD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TRYAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYAUD
The long-term trend has been DOWN since May 23rd, 2023 at 0.074245
The intermediate-term trend has been DOWN since Mar 23rd, 2023 at 0.077240
The short-term trend has been DOWN since May 29th, 2023 at 0.075355
Smart Scan Analysis for TRYAUD
Based on our trend formula, TRYAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).