Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)
Crossroads (-60) - TRYNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TRYNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYNZD
The long-term trend has been UP since Mar 18th, 2020 at 0.270710
The intermediate-term trend has been DOWN since Mar 30th, 2020 at 0.253725
The short-term trend has been DOWN since Apr 2nd, 2020 at 0.251110
Smart Scan Analysis for TRYNZD
Based on our trend formula, TRYNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).