Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Turkish Lira/British Pound (FOREX:TRYGBP)
Sidelines Mode (+55) - TRYGBP 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 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 DOWN since Nov 15th, 2022 at 0.045365
The intermediate-term trend has been UP since Aug 24th, 2023 at 0.029420
The short-term trend has been DOWN since Sep 29th, 2023 at 0.029550
Smart Scan Analysis for TRYGBP
Based on our trend formula, TRYGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).