Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Turkish Lira/Canadian Dollar (FOREX:TRYCAD)
Bear Market Rally (-75) - TRYCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYCAD as it may be in the beginning of a reversal.
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 Aug 25th, 2019 at 0.215845
The intermediate-term trend has been UP since May 17th, 2020 at 0.204535
The short-term trend has been DOWN since May 26th, 2020 at 0.204675
Smart Scan Analysis for TRYCAD
Based on our trend formula, TRYCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).