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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.

FOREX_TRYCAD
Open High Low TRYCAD Price Change
0.147350 0.147750 0.146475 0.147030 -0.000320
Entry Signal

MarketClub’s Trade Triangles for TRYCAD

long term down The long-term trend has been DOWN since Mar 21st, 2021 at 0.159035

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2021 at 0.174740

short term down 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).

-100
Smart Scan Analysis for TRYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.147350 0.147750 0.146475 0.147030 -0.000320
Prev. Close Volume Bid Ask Time
0.147350 2021-05-06 15:36:37
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