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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Turkish Lira/US Dollar (FOREX:TRYUSD)

Strong Downtrend (-100) - TRYUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_TRYUSD
Open High Low TRYUSD Price Change
0.07226792 0.07431685 0.07223921 0.07384053 +0.00157300
Entry Signal

MarketClub’s Trade Triangles for TRYUSD

long term down The long-term trend has been DOWN since Sep 24th, 2021 at 0.11357500

intermediate term down The intermediate-term trend has been DOWN since Sep 16th, 2021 at 0.11742895

short term down The short-term trend has been DOWN since Nov 3rd, 2021 at 0.10401000

Smart Scan Analysis for TRYUSD

Based on our trend formula, TRYUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for TRYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07226792 0.07431685 0.07223921 0.07384053 +0.00157300
Prev. Close Volume Bid Ask Time
0.07226792 2021-12-07 23:45:55
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