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.
MarketClub’s Trade Triangles for TRYCZK
The long-term trend has been DOWN since Oct 11th, 2021 at 2.4375
The intermediate-term trend has been DOWN since May 30th, 2023 at 1.0730
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).