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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)

Bear Market Rally (-75) - TRYNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYNZD as it may be in the beginning of a reversal.

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.

FOREX_TRYNZD
Open High Low TRYNZD Price Change
0.061360 0.061810 0.060965 0.061670 +0.000310
Entry Signal

MarketClub’s Trade Triangles for TRYNZD

long term down The long-term trend has been DOWN since May 4th, 2023 at 0.08130

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2023 at 0.06139

short term up The short-term trend has been UP since Oct 3rd, 2023 at 0.06146

Smart Scan Analysis for TRYNZD

Based on our trend formula, TRYNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for TRYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.061360 0.061810 0.060965 0.061670 +0.000310
Prev. Close Volume Bid Ask Time
0.061360 2023-10-03 23:32:23
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