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.
MarketClub’s Trade Triangles for TRYSGD
The long-term trend has been DOWN since Dec 18th, 2019 at 0.22991386
The intermediate-term trend has been DOWN since Jun 8th, 2020 at 0.20506820
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).