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Forex Trend Analysis Report
Prepared for you on Wednesday, May 15, 2024.
Canadian Dollar/Turkish Lira (FOREX:CADTRY)
Sidelines Mode (-55) - CADTRY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADTRY
The long-term trend has been UP since Apr 12th, 2023 at 14.444070
The intermediate-term trend has been DOWN since May 5th, 2024 at 23.444177
The short-term trend has been UP since May 15th, 2024 at 23.705294
Smart Scan Analysis for CADTRY
Based on our trend formula, CADTRY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.671140 | 23.754295 | 23.600915 | 23.639735 | -0.031405 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.671140 | 2024-05-15 11:08:11 |