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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

Turkish Lira/South African Rand (FOREX:TRYZAR)

Long-Term Downtrend (-90) - TRYZAR is in a strong downtrend that is likely to continue. While TRYZAR 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 TRYZAR?

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

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

FOREX_TRYZAR
Open High Low TRYZAR Price Change
0.54990000 0.55255000 0.54765000 0.55196575 +0.00206600
Entry Signal

MarketClub’s Trade Triangles for TRYZAR

long term down The long-term trend has been DOWN since Dec 15th, 2023 at 0.62674375

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 0.55827977

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.57925000

Smart Scan Analysis for TRYZAR

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

-90
Smart Scan Analysis for TRYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54990000 0.55255000 0.54765000 0.55196575 +0.00206600
Prev. Close Volume Bid Ask Time
0.54990000 2024-06-25 10:42:37
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