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Forex Trend Analysis Report

Prepared for you on Monday, August 10, 2020.

Turkish Lira/Singapore Dollar (FOREX:TRYSGD)

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

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

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

FOREX_TRYSGD
Open High Low TRYSGD Price Change
0.18784736 0.18899351 0.18703102 0.18787103 +0.00002400
Entry Signal

MarketClub’s Trade Triangles for TRYSGD

long term down The long-term trend has been DOWN since Dec 18th, 2019 at 0.22991386

intermediate term down The intermediate-term trend has been DOWN since Jun 8th, 2020 at 0.20506820

short term down The short-term trend has been DOWN since Aug 5th, 2020 at 0.19495549

Smart Scan Analysis for TRYSGD

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

-90
Smart Scan Analysis for TRYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18784736 0.18899351 0.18703102 0.18787103 +0.00002400
Prev. Close Volume Bid Ask Time
0.18784736 0.18783040 0.18791166 2020-08-10 02:05:41
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