Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Turkish Lira/Euro (FOREX:TRYEUR)
Bear Market Rally (-75) - TRYEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYEUR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for TRYEUR
The long-term trend has been DOWN since Aug 25th, 2019 at 0.142470
The intermediate-term trend has been UP since May 14th, 2020 at 0.133885
The short-term trend has been DOWN since May 26th, 2020 at 0.134335
Smart Scan Analysis for TRYEUR
Based on our trend formula, TRYEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).