Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Long-Term Downtrend (-90) - TRYUSD is in a strong downtrend that is likely to continue. While TRYUSD is showing intraday strength, it remains in the confines of a bearish trend. 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 Nov 5th, 2023 at 0.0350150
The intermediate-term trend has been DOWN since Nov 5th, 2023 at 0.0350150
The short-term trend has been DOWN since Dec 7th, 2023 at 0.0345447
Smart Scan Analysis for TRYUSD
Based on our trend formula, TRYUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).