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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Turkish Lira/Euro (FOREX:TRYEUR)

Strong Downtrend (-100) - TRYEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TRYEUR continues to fall. Traders should use caution and set stops.

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
0.04877 0.04882 0.04781 0.04830 -0.00047
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 Mar 14th, 2023 at 0.048690

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 0.049000

Smart Scan Analysis for TRYEUR

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

-100
Smart Scan Analysis for TRYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04877 0.04882 0.04781 0.04830 -0.00047
Prev. Close Volume Bid Ask Time
0.04877 2023-03-22 15:24:03
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