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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

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.

FOREX_TRYNOK
Open High Low TRYNOK Price Change
0.31865 0.31925 0.31775 0.31905 +0.00040
Entry Signal

MarketClub’s Trade Triangles for TRYNOK

long term down The long-term trend has been DOWN since May 31st, 2023 at 0.52430

intermediate term up The intermediate-term trend has been UP since Oct 9th, 2024 at 0.31670

short term down The short-term trend has been DOWN since Nov 15th, 2024 at 0.32105

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).

-65
Smart Scan Analysis for TRYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31865 0.31925 0.31775 0.31905 +0.00040
Prev. Close Volume Bid Ask Time
0.31865 2024-11-20 03:43:39
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