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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.

FOREX_TRYNOK
Open High Low TRYNOK Price Change
1.16495 1.17510 1.16485 1.17500 +0.01005
Entry Signal

MarketClub’s Trade Triangles for TRYNOK

long term up The long-term trend has been UP since Feb 3rd, 2021 at 1.20620

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2021 at 1.17295

short term up 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).

+55
Smart Scan Analysis for TRYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.16495 1.17510 1.16485 1.17500 +0.01005
Prev. Close Volume Bid Ask Time
1.16495 2021-03-01 03:06:32
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