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Forex Trend Analysis Report

Prepared for you on Wednesday, November 25, 2020.

Turkish Lira/Swedish Krona (FOREX:TRYSEK)

Bear Market Rally (-75) - TRYSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYSEK as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid TRYSEK?

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

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

FOREX_TRYSEK
Open High Low TRYSEK Price Change
1.06555 1.07805 1.06390 1.07135 +0.00580
Entry Signal

MarketClub’s Trade Triangles for TRYSEK

long term down The long-term trend has been DOWN since Aug 25th, 2019 at 1.54065

intermediate term up The intermediate-term trend has been UP since Nov 13th, 2020 at 1.12870

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 1.11320

Smart Scan Analysis for TRYSEK

Based on our trend formula, TRYSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for TRYSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.06555 1.07805 1.06390 1.07135 +0.00580
Prev. Close Volume Bid Ask Time
1.06555 2020-11-25 17:10:01
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