Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Turkish Lira/Norwegian Krone (FOREX:TRYNOK)
Weak Downtrend (-65) - TRYNOK is showing signs of a strengthening downtrend. Monitor TRYNOK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid TRYNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYNOK
The long-term trend has been DOWN since Apr 30th, 2020 at 1.47005
The intermediate-term trend has been UP since Nov 12th, 2020 at 1.18790
The short-term trend has been DOWN since Nov 23rd, 2020 at 1.16700
Smart Scan Analysis for TRYNOK
Based on our trend formula, TRYNOK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).