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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)

Strong Downtrend (-100) - TRYNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TRYNZD continues to fall. Traders should use caution and set stops.

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
0.050600 0.050700 0.050520 0.050655 +0.000055
Entry Signal

MarketClub’s Trade Triangles for TRYNZD

long term down The long-term trend has been DOWN since May 4th, 2023 at 0.081300

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2024 at 0.050505

short term down The short-term trend has been DOWN since May 3rd, 2024 at 0.051615

Smart Scan Analysis for TRYNZD

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

-100
Smart Scan Analysis for TRYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.050600 0.050700 0.050520 0.050655 +0.000055
Prev. Close Volume Bid Ask Time
0.050600 2024-05-20 02:03:25
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