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.
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 DOWN since Sep 14th, 2023 at 0.06139
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).