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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.

FOREX_TRYEUR
Open High Low TRYEUR Price Change
0.031800 0.032015 0.031770 0.031965 +0.000165
Entry Signal

MarketClub’s Trade Triangles for TRYEUR

long term down The long-term trend has been DOWN since Oct 11th, 2021 at 0.095925

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2023 at 0.033980

short term up 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).

-55
Smart Scan Analysis for TRYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.031800 0.032015 0.031770 0.031965 +0.000165
Prev. Close Volume Bid Ask Time
0.031800 2023-12-04 11:33:56
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