Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Weak Uptrend (+65) - TRYUSD is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for TRYUSD
The long-term trend has been UP since Dec 30th, 2020 at 0.13641500
The intermediate-term trend has been UP since Nov 12th, 2020 at 0.12851489
The short-term trend has been DOWN since Feb 17th, 2021 at 0.14204987
Smart Scan Analysis for TRYUSD
Based on our trend formula, TRYUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).