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.
MarketClub’s Trade Triangles for TRYSGD
The long-term trend has been DOWN since Dec 18th, 2019 at 0.22991386
The intermediate-term trend has been UP since May 17th, 2020 at 0.20688967
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).