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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.

FOREX_TRYNOK
Open High Low TRYNOK Price Change
0.36950 0.37030 0.36915 0.37030 +0.00080
Entry Signal

MarketClub’s Trade Triangles for TRYNOK

long term down The long-term trend has been DOWN since May 31st, 2023 at 0.52430

intermediate term down The intermediate-term trend has been DOWN since Sep 25th, 2023 at 0.38895

short term down 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).

-90
Smart Scan Analysis for TRYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.36950 0.37030 0.36915 0.37030 +0.00080
Prev. Close Volume Bid Ask Time
0.36950 2023-12-04 02:37:55
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