Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)
Sidelines Mode (+50) - TRYNZD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until TRYNZD can gain momentum.
Is it time to buy, sell, or avoid
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 DOWN since Dec 5th, 2019 at 0.26517
The intermediate-term trend has been UP since Jan 31st, 2020 at 0.25850
The short-term trend has been UP since Feb 17th, 2020 at 0.25732
Smart Scan Analysis for TRYNZD
Based on our trend formula, TRYNZD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).