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Forex Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

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
0.13518 0.13535 0.13368 0.13372 -0.00146
Entry Signal

MarketClub’s Trade Triangles for TRYEUR

long term down The long-term trend has been DOWN since Aug 25th, 2019 at 0.142470

intermediate term up The intermediate-term trend has been UP since May 14th, 2020 at 0.133885

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.134335

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
0.13518 0.13535 0.13368 0.13372 -0.00146
Prev. Close Volume Bid Ask Time
0.13518 0.13362 0.13382 2020-05-27 22:21:19
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