Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Turkish Lira/Swedish Krona (FOREX:TRYSEK)
Long-Term Downtrend (-90) - TRYSEK is in a strong downtrend that is likely to continue. While TRYSEK 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 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.
MarketClub’s Trade Triangles for TRYSEK
The long-term trend has been DOWN since Mar 22nd, 2023 at 0.53835
The intermediate-term trend has been DOWN since Sep 25th, 2023 at 0.40435
The short-term trend has been DOWN since Dec 7th, 2023 at 0.35920
Smart Scan Analysis for TRYSEK
Based on our trend formula, TRYSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).