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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

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
1.5791680 1.5910908 1.5781000 1.5906000 +0.0114320
Entry Signal

MarketClub’s Trade Triangles for TRYZAR

long term down The long-term trend has been DOWN since Oct 13th, 2021 at 1.636000

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2021 at 1.714097

short term down The short-term trend has been DOWN since Oct 1st, 2021 at 1.686700

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
1.5791680 1.5910908 1.5781000 1.5906000 +0.0114320
Prev. Close Volume Bid Ask Time
1.5791680 2021-10-18 06:20:26
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