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.

Open	High	Low	TRYNZD Price	Change
0.061360	0.061810	0.060965	0.061670	+0.000310
Entry Signal

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).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.061360	0.061810	0.060965	0.061670	+0.000310
Prev. Close	Volume	Bid	Ask	Time
0.061360				2023-10-03 23:32:23

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