Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Turkish Lira/Swiss Franc (FOREX:TRYCHF)
Long-Term Downtrend (-90) - TRYCHF is in a strong downtrend that is likely to continue. While TRYCHF 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 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.
MarketClub’s Trade Triangles for TRYCHF
The long-term trend has been DOWN since Oct 8th, 2021 at 0.10373268
The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.10757179
The short-term trend has been DOWN since Oct 4th, 2021 at 0.10442306
Smart Scan Analysis for TRYCHF
Based on our trend formula, TRYCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).