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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

Turkish Lira/Swedish Krona (FOREX:TRYSEK)

Long-Term Downtrend (-90) - TRYSEK is in a strong downtrend that is likely to continue. While TRYSEK 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 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
0.51310 0.51710 0.50365 0.51015 -0.00295
Entry Signal

MarketClub’s Trade Triangles for TRYSEK

long term down The long-term trend has been DOWN since Mar 22nd, 2023 at 0.53835

intermediate term down The intermediate-term trend has been DOWN since May 31st, 2023 at 0.51620

short term down The short-term trend has been DOWN since May 30th, 2023 at 0.53130

Smart Scan Analysis for TRYSEK

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

-90
Smart Scan Analysis for TRYSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51310 0.51710 0.50365 0.51015 -0.00295
Prev. Close Volume Bid Ask Time
0.51310 2023-06-05 19:38:40
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