Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Turkish Lira/Singapore Dollar (FOREX:TRYSGD)

Bear Market Rally (-75) - TRYSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYSGD as it may be in the beginning of a reversal.

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

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

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

FOREX_TRYSGD
Open High Low TRYSGD Price Change
0.20633475 0.20675405 0.20614584 0.20624161 -0.00009300
Entry Signal

MarketClub’s Trade Triangles for TRYSGD

long term down The long-term trend has been DOWN since Dec 18th, 2019 at 0.22991386

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 0.20688967

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.20836897

Smart Scan Analysis for TRYSGD

Based on our trend formula, TRYSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for TRYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20633475 0.20675405 0.20614584 0.20624161 -0.00009300
Prev. Close Volume Bid Ask Time
0.20633475 0.20619546 0.20628776 2020-06-02 02:16:52
Get a free daily analysis and signals for Turkish Lira/Singapore Dollar (TRYSGD) - Request Your Free Report.