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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.

FOREX_TRYNOK
Open High Low TRYNOK Price Change
0.54160 0.54360 0.53295 0.53380 -0.00780
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 Jul 18th, 2022 at 0.58085

short term down 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).

-100
Smart Scan Analysis for TRYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54160 0.54360 0.53295 0.53380 -0.00780
Prev. Close Volume Bid Ask Time
0.54160 2022-08-18 07:48:10
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