Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Turkish Lira/Euro (FOREX:TRYEUR)
Sidelines Mode (-55) - TRYEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TRYEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYEUR
The long-term trend has been DOWN since Oct 11th, 2021 at 0.095925
The intermediate-term trend has been DOWN since Oct 9th, 2023 at 0.033980
The short-term trend has been UP since Dec 4th, 2023 at 0.031945
Smart Scan Analysis for TRYEUR
Based on our trend formula, TRYEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).