Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Turkish Lira/Norwegian Krone (FOREX:TRYNOK)
Bear Market Rally (-75) - TRYNOK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYNOK as it may be in the beginning of a reversal.
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 Sep 8th, 2021 at 1.02965
The short-term trend has been UP since Oct 26th, 2021 at 0.88075
Smart Scan Analysis for TRYNOK
Based on our trend formula, TRYNOK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).