Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Euro/Turkish Lira (FOREX:EURTRY)
Sidelines Mode (+55) - EURTRY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURTRY
The long-term trend has been UP since Aug 25th, 2019 at 7.035625
The intermediate-term trend has been UP since Dec 5th, 2019 at 6.393450
The short-term trend has been DOWN since Feb 19th, 2020 at 6.542700
Smart Scan Analysis for EURTRY
Based on our trend formula, EURTRY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).