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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.

FOREX_TRYCAD
Open High Low TRYCAD Price Change
0.218670 0.219205 0.218510 0.218880 +0.000210
Entry Signal

MarketClub’s Trade Triangles for TRYCAD

long term down The long-term trend has been DOWN since Aug 25th, 2019 at 0.215845

intermediate term down The intermediate-term trend has been DOWN since Dec 9th, 2019 at 0.228350

short term down 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).

-90
Smart Scan Analysis for TRYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.218670 0.219205 0.218510 0.218880 +0.000210
Prev. Close Volume Bid Ask Time
0.218670 0.218710 0.219050 2020-02-17 17:17:49
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