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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Bull Market Weakness (+75) - TRYUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TRYUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid TRYUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TRYUSD
The long-term trend has been DOWN since Nov 5th, 2023 at 0.03501500
The intermediate-term trend has been UP since May 5th, 2024 at 0.03121000
The short-term trend has been UP since Apr 19th, 2024 at 0.03087983
Smart Scan Analysis for TRYUSD
Based on our trend formula, TRYUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03098672 | 0.03101987 | 0.03081740 | 0.03095937 | -0.00002700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03098672 | 2024-05-08 23:06:50 |