Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Turkish Lira/Norwegian Krone (FOREX:TRYNOK)
Long-Term Downtrend (-90) - TRYNOK is in a strong downtrend that is likely to continue. While TRYNOK is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for TRYNOK
The long-term trend has been DOWN since May 31st, 2023 at 0.52430
The intermediate-term trend has been DOWN since Sep 25th, 2023 at 0.38895
The short-term trend has been DOWN since Dec 3rd, 2023 at 0.36665
Smart Scan Analysis for TRYNOK
Based on our trend formula, TRYNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).