Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Turkish Lira/Canadian Dollar (FOREX:TRYCAD)
Strong Downtrend (-100) - TRYCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TRYCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYCAD
The long-term trend has been DOWN since Mar 21st, 2021 at 0.159035
The intermediate-term trend has been DOWN since Feb 24th, 2021 at 0.174740
The short-term trend has been DOWN since Apr 20th, 2021 at 0.154115
Smart Scan Analysis for TRYCAD
Based on our trend formula, TRYCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).