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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Turkish Lira/US Dollar (FOREX:TRYUSD)

Countertrend Down (-85) - TRYUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_TRYUSD
Open High Low TRYUSD Price Change
0.05257403 0.05263325 0.05255973 0.05258347 +0.00000900
Entry Signal

MarketClub’s Trade Triangles for TRYUSD

long term down The long-term trend has been DOWN since Sep 24th, 2021 at 0.11357500

intermediate term down The intermediate-term trend has been DOWN since Mar 14th, 2023 at 0.05225287

short term up The short-term trend has been UP since Mar 16th, 2023 at 0.05292500

Smart Scan Analysis for TRYUSD

Based on our trend formula, TRYUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for TRYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05257403 0.05263325 0.05255973 0.05258347 +0.00000900
Prev. Close Volume Bid Ask Time
0.05257403 2023-03-20 19:14:12
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