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Forex Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

Turkish Lira/Russian Ruble (FOREX:TRYRUB)

Strong Downtrend (-100) - TRYRUB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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
7.763130 7.763395 7.654380 7.657283 -0.105847
Entry Signal

MarketClub’s Trade Triangles for TRYRUB

long term down The long-term trend has been DOWN since Mar 21st, 2021 at 9.137870

intermediate term down The intermediate-term trend has been DOWN since Sep 9th, 2021 at 8.586423

short term down The short-term trend has been DOWN since Oct 6th, 2021 at 8.158434

Smart Scan Analysis for TRYRUB

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

-100
Smart Scan Analysis for TRYRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.763130 7.763395 7.654380 7.657283 -0.105847
Prev. Close Volume Bid Ask Time
7.763130 2021-10-15 17:00:50
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