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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Sidelines Mode (+50) - TRYUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until TRYUSD can gain momentum.
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.
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MarketClub’s Trade Triangles for TRYUSD
The long-term trend has been DOWN since Nov 5th, 2023 at 0.03501500
The intermediate-term trend has been UP since Oct 20th, 2024 at 0.02933007
The short-term trend has been UP since Oct 24th, 2024 at 0.02922814
Smart Scan Analysis for TRYUSD
Based on our trend formula, TRYUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02915937 | 0.02920416 | 0.02909791 | 0.02915877 | -0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02915937 | 2024-10-25 17:06:27 |