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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Turkish Lira/Norwegian Krone (FOREX:TRYNOK)

Countertrend Down (-85) - TRYNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_TRYNOK
Open High Low TRYNOK Price Change
0.54060 0.54270 0.53780 0.53925 -0.00135
Entry Signal

MarketClub’s Trade Triangles for TRYNOK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 0.96180

intermediate term down The intermediate-term trend has been DOWN since Jul 18th, 2022 at 0.58085

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.53550

Smart Scan Analysis for TRYNOK

Based on our trend formula, TRYNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for TRYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54060 0.54270 0.53780 0.53925 -0.00135
Prev. Close Volume Bid Ask Time
0.54060 2022-08-16 20:35:50
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