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.
MarketClub’s Trade Triangles for TRYSEK
The long-term trend has been DOWN since Aug 25th, 2019 at 1.54065
The intermediate-term trend has been UP since Nov 13th, 2020 at 1.12870
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).