Forex Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
Turkish Lira/Australian Dollar (FOREX:TRYAUD)
Long-Term Downtrend (-90) - TRYAUD is in a strong downtrend that is likely to continue. While TRYAUD 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 TRYAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYAUD
The long-term trend has been DOWN since Apr 7th, 2020 at 0.239440
The intermediate-term trend has been DOWN since Jun 2nd, 2020 at 0.214790
The short-term trend has been DOWN since Sep 8th, 2020 at 0.183905
Smart Scan Analysis for TRYAUD
Based on our trend formula, TRYAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).