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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Turkish Lira (FOREX:USDTRY)
Crossroads (-60) - USDTRY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTRY.
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 USDTRY
The long-term trend has been UP since Nov 10th, 2023 at 28.85030
The intermediate-term trend has been DOWN since May 5th, 2024 at 32.13514
The short-term trend has been DOWN since Apr 19th, 2024 at 32.38360
Smart Scan Analysis for USDTRY
Based on our trend formula, USDTRY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.285700 | 32.292500 | 32.171125 | 32.237700 | -0.048000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.285700 | 2024-05-09 12:31:59 |