Forex Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
Turkish Lira/New Zealand Dollar (FOREX:TRYNZD)
Strong Downtrend (-100) - TRYNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TRYNZD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TRYNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYNZD
The long-term trend has been DOWN since Oct 11th, 2021 at 0.160070
The intermediate-term trend has been DOWN since May 16th, 2022 at 0.101820
The short-term trend has been DOWN since May 10th, 2022 at 0.103695
Smart Scan Analysis for TRYNZD
Based on our trend formula, TRYNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).