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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Turkish Lira/Russian Ruble (FOREX:TRYRUB)

Long-Term Downtrend (-90) - TRYRUB is in a strong downtrend that is likely to continue. While TRYRUB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_TRYRUB
Open High Low TRYRUB Price Change
2.6286157 2.6548878 2.5374467 2.5836419 -0.0449740
Entry Signal

MarketClub’s Trade Triangles for TRYRUB

long term down The long-term trend has been DOWN since May 30th, 2023 at 3.6616841

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 2.8319020

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 2.7354944

Smart Scan Analysis for TRYRUB

Based on our trend formula, TRYRUB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TRYRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6286157 2.6548878 2.5374467 2.5836419 -0.0449740
Prev. Close Volume Bid Ask Time
2.6286157 2024-06-19 09:08:37
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