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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Turkish Lira/Polish New Zloty (FOREX:TRYPLN)

Long-Term Downtrend (-90) - TRYPLN is in a strong downtrend that is likely to continue. While TRYPLN 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 TRYPLN?

MarketClub looks at technical strength and momentum to determine if the timing is right for TRYPLN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TRYPLN
Open High Low TRYPLN Price Change
0.121605 0.121775 0.120765 0.121650 +0.000045
Entry Signal

MarketClub’s Trade Triangles for TRYPLN

long term down The long-term trend has been DOWN since Oct 13th, 2021 at 0.436350

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2024 at 0.123025

short term down The short-term trend has been DOWN since May 27th, 2024 at 0.121540

Smart Scan Analysis for TRYPLN

Based on our trend formula, TRYPLN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TRYPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.121605 0.121775 0.120765 0.121650 +0.000045
Prev. Close Volume Bid Ask Time
0.121605 2024-05-28 23:12:23
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