Forex Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
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.
MarketClub’s Trade Triangles for TRYCZK
The long-term trend has been DOWN since Aug 25th, 2019 at 3.6665
The intermediate-term trend has been DOWN since Jun 1st, 2020 at 3.5315
The short-term trend has been DOWN since Aug 5th, 2020 at 3.1870
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).