Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Turkish Lira/British Pound (FOREX:TRYGBP)
Crossroads (-60) - TRYGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TRYGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYGBP
The long-term trend has been UP since Jan 6th, 2021 at 0.101115
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 0.099685
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.096400
Smart Scan Analysis for TRYGBP
Based on our trend formula, TRYGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).