Forex Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Strong Downtrend (-100) - TRYUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for TRYUSD
The long-term trend has been DOWN since Aug 25th, 2019 at 0.16011000
The intermediate-term trend has been DOWN since Jul 27th, 2020 at 0.14544474
The short-term trend has been DOWN since Aug 5th, 2020 at 0.14292917
Smart Scan Analysis for TRYUSD
Based on our trend formula, TRYUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).