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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Turkish Lira/Swiss Franc (FOREX:TRYCHF)

Countertrend Down (-85) - TRYCHF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid TRYCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for TRYCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TRYCHF
Open High Low TRYCHF Price Change
0.02800650 0.02815150 0.02794893 0.02806503 +0.00005900
Entry Signal

MarketClub’s Trade Triangles for TRYCHF

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 0.10373268

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.02747401

short term up The short-term trend has been UP since Apr 21st, 2024 at 0.02818000

Smart Scan Analysis for TRYCHF

Based on our trend formula, TRYCHF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for TRYCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02800650 0.02815150 0.02794893 0.02806503 +0.00005900
Prev. Close Volume Bid Ask Time
0.02800650 2024-04-24 09:27:50
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