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.
MarketClub’s Trade Triangles for TRYUSD
The long-term trend has been DOWN since Sep 24th, 2021 at 0.11357500
The intermediate-term trend has been DOWN since Mar 14th, 2023 at 0.05225287
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).