Future Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
TURKISH LIRA/US DOLLAR JUNE 2020 (ICE:@TRM.M20)
Long-Term Downtrend (-90) - @TRM.M20 is in a strong downtrend that is likely to continue. While @TRM.M20 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 @TRM.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @TRM.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @TRM.M20
The long-term trend has been DOWN since Feb 7th, 2020 at 0.16059
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.15325
The short-term trend has been DOWN since Mar 30th, 2020 at 0.15015
Smart Scan Analysis for @TRM.M20
Based on our trend formula, @TRM.M20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||0.1569||52wk High Date||2020-03-11|
|52wk Low||0.1467||52wk Low Date||2020-03-16|