Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Turkish Lira/Polish New Zloty (FOREX:TRYPLN)
Sidelines Mode (+55) - TRYPLN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TRYPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYPLN
The long-term trend has been DOWN since Dec 17th, 2019 at 0.649045
The intermediate-term trend has been UP since Nov 13th, 2020 at 0.498885
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.487495
Smart Scan Analysis for TRYPLN
Based on our trend formula, TRYPLN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).