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Forex Trend Analysis Report

Prepared for you on Wednesday, May 31, 2023.

Turkish Lira/Czech Koruna (FOREX:TRYCZK)

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

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

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

FOREX_TRYCZK
Open High Low TRYCZK Price Change
1.073 1.078 1.053 1.077 +0.004
Entry Signal

MarketClub’s Trade Triangles for TRYCZK

long term down The long-term trend has been DOWN since Oct 11th, 2021 at 2.4375

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2023 at 1.0730

short term down The short-term trend has been DOWN since May 22nd, 2023 at 1.1020

Smart Scan Analysis for TRYCZK

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

-90
Smart Scan Analysis for TRYCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.073 1.078 1.053 1.077 +0.004
Prev. Close Volume Bid Ask Time
1.073 2023-05-31 13:03:21
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