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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.

FOREX_TRYCZK
Open High Low TRYCZK Price Change
3.1200 3.1200 3.0280 3.0605 -0.0595
Entry Signal

MarketClub’s Trade Triangles for TRYCZK

long term down The long-term trend has been DOWN since Aug 25th, 2019 at 3.6665

intermediate term down The intermediate-term trend has been DOWN since Jun 1st, 2020 at 3.5315

short term down 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).

-90
Smart Scan Analysis for TRYCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1200 3.1200 3.0280 3.0605 -0.0595
Prev. Close Volume Bid Ask Time
3.1200 3.0470 3.0740 2020-08-06 21:29:48
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