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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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
0.087510 0.088095 0.087490 0.088010 +0.000500
Entry Signal

MarketClub’s Trade Triangles for TRYNZD

long term down The long-term trend has been DOWN since Oct 11th, 2021 at 0.16007

intermediate term down The intermediate-term trend has been DOWN since Jul 18th, 2022 at 0.09285

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.08766

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
0.087510 0.088095 0.087490 0.088010 +0.000500
Prev. Close Volume Bid Ask Time
0.087510 2022-08-16 06:16:12
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