Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
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 Aug 25th, 2019 at 0.16011000
The intermediate-term trend has been DOWN since Feb 4th, 2020 at 0.16703471
The short-term trend has been DOWN since Mar 30th, 2020 at 0.15373810
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).