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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

Turkish Lira/Euro (FOREX:TRYEUR)

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

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

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

FOREX_TRYEUR
Open High Low TRYEUR Price Change
0.027745 0.027805 0.027690 0.027795 +0.000050
Entry Signal

MarketClub’s Trade Triangles for TRYEUR

long term down The long-term trend has been DOWN since Sep 20th, 2021 at 0.098055

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2024 at 0.028445

short term down The short-term trend has been DOWN since Jul 5th, 2024 at 0.028300

Smart Scan Analysis for TRYEUR

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

-90
Smart Scan Analysis for TRYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.027745 0.027805 0.027690 0.027795 +0.000050
Prev. Close Volume Bid Ask Time
0.027745 2024-07-19 07:38:55
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