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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.

FOREX_TRYNOK
Open High Low TRYNOK Price Change
0.87645 0.88870 0.87570 0.88770 +0.01125
Entry Signal

MarketClub’s Trade Triangles for TRYNOK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 0.96180

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2021 at 1.02965

short term up 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).

-75
Smart Scan Analysis for TRYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.87645 0.88870 0.87570 0.88770 +0.01125
Prev. Close Volume Bid Ask Time
0.87645 2021-10-27 23:00:17
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