Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Turkish Lira/Australian Dollar (FOREX:TRYAUD)
Bear Market Rally (-75) - TRYAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYAUD as it may be in the beginning of a reversal.
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 Apr 7th, 2020 at 0.239440
The intermediate-term trend has been UP since May 17th, 2020 at 0.226095
The short-term trend has been DOWN since May 18th, 2020 at 0.222500
Smart Scan Analysis for TRYAUD
Based on our trend formula, TRYAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).