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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)
Sidelines Mode (+55) - TRYNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for TRYNZD
The long-term trend has been DOWN since May 4th, 2023 at 0.08130
The intermediate-term trend has been UP since Oct 9th, 2024 at 0.04803
The short-term trend has been DOWN since Nov 18th, 2024 at 0.04921
Smart Scan Analysis for TRYNZD
Based on our trend formula, TRYNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.049085 | 0.049220 | 0.049000 | 0.049200 | +0.000115 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.049085 | 2024-11-20 03:51:46 |