Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Turkish Lira/Norwegian Krone (FOREX:TRYNOK)
Sidelines Mode (+55) - TRYNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 3rd, 2021 at 1.20620
The intermediate-term trend has been DOWN since Feb 24th, 2021 at 1.17295
The short-term trend has been UP since Mar 1st, 2021 at 1.16935
Smart Scan Analysis for TRYNOK
Based on our trend formula, TRYNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).