Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Turkish Lira/Russian Ruble (FOREX:TRYRUB)
Weak Downtrend (-65) - TRYRUB is showing signs of a strengthening downtrend. Monitor TRYRUB as it may be building momentum to the downside.
Is it time to buy, sell, or avoid TRYRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYRUB
The long-term trend has been DOWN since May 30th, 2023 at 3.6616841
The intermediate-term trend has been DOWN since Oct 10th, 2023 at 3.4876099
The short-term trend has been DOWN since Dec 8th, 2023 at 3.1616715
Smart Scan Analysis for TRYRUB
Based on our trend formula, TRYRUB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).