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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.
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MarketClub’s Trade Triangles for TRYGBP
The long-term trend has been DOWN since Dec 9th, 2019 at 0.130955
The intermediate-term trend has been UP since May 13th, 2020 at 0.116965
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).
| 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 |