Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Turkish Lira/Norwegian Krone (FOREX:TRYNOK)
Strong Downtrend (-100) - TRYNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TRYNOK continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TRYNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYNOK
The long-term trend has been DOWN since Oct 8th, 2021 at 0.96180
The intermediate-term trend has been DOWN since Jul 18th, 2022 at 0.58085
The short-term trend has been DOWN since Aug 18th, 2022 at 0.53410
Smart Scan Analysis for TRYNOK
Based on our trend formula, TRYNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).