Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Turkish Lira/Canadian Dollar (FOREX:TRYCAD)
Long-Term Downtrend (-90) - TRYCAD is in a strong downtrend that is likely to continue. While TRYCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid
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 Aug 25th, 2019 at 0.215845
The intermediate-term trend has been DOWN since Dec 9th, 2019 at 0.228350
The short-term trend has been DOWN since Feb 7th, 2020 at 0.221090
Smart Scan Analysis for TRYCAD
Based on our trend formula, TRYCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).