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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

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.

FOREX_TRYGBP
Open High Low TRYGBP Price Change
0.119075 0.119080 0.119055 0.119055 -0.000020
Entry Signal

MarketClub’s Trade Triangles for TRYGBP

long term down The long-term trend has been DOWN since Dec 9th, 2019 at 0.130955

intermediate term up The intermediate-term trend has been UP since May 13th, 2020 at 0.116965

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.120030

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).

+55
Smart Scan Analysis for TRYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.119075 0.119080 0.119055 0.119055 -0.000020
Prev. Close Volume Bid Ask Time
0.119075 0.118910 0.119200 2020-05-31 16:10:52
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