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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Turkish Lira/South African Rand (FOREX:TRYZAR)

Bull Market Weakness (+75) - TRYZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TRYZAR as it may be in the beginning stages of a reversal.

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

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

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

FOREX_TRYZAR
Open High Low TRYZAR Price Change
0.56991055 0.57157668 0.56850000 0.57135689 +0.00144600
Entry Signal

MarketClub’s Trade Triangles for TRYZAR

long term down The long-term trend has been DOWN since Dec 15th, 2023 at 0.62674375

intermediate term up The intermediate-term trend has been UP since May 26th, 2024 at 0.57948149

short term up The short-term trend has been UP since May 23rd, 2024 at 0.56990864

Smart Scan Analysis for TRYZAR

Based on our trend formula, TRYZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for TRYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56991055 0.57157668 0.56850000 0.57135689 +0.00144600
Prev. Close Volume Bid Ask Time
0.56991055 2024-05-28 05:30:00
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