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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Turkish Lira/Swedish Krona (FOREX:TRYSEK)

Bull Market Weakness (+75) - TRYSEK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TRYSEK as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid TRYSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for TRYSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TRYSEK
Open High Low TRYSEK Price Change
0.57585 0.57905 0.57580 0.57840 +0.00255
Entry Signal

MarketClub’s Trade Triangles for TRYSEK

long term down The long-term trend has been DOWN since Oct 12th, 2021 at 0.97080

intermediate term up The intermediate-term trend has been UP since Aug 16th, 2022 at 0.57895

short term up The short-term trend has been UP since Aug 14th, 2022 at 0.56950

Smart Scan Analysis for TRYSEK

Based on our trend formula, TRYSEK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for TRYSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.57585 0.57905 0.57580 0.57840 +0.00255
Prev. Close Volume Bid Ask Time
0.57585 2022-08-16 06:20:31
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