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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.

FOREX_TRYUSD
Open High Low TRYUSD Price Change
0.14825577 0.14889817 0.14722554 0.14781500 -0.00044100
Entry Signal

MarketClub’s Trade Triangles for TRYUSD

long term down The long-term trend has been DOWN since Aug 25th, 2019 at 0.16011000

intermediate term down The intermediate-term trend has been DOWN since Feb 4th, 2020 at 0.16703471

short term down 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).

-90
Smart Scan Analysis for TRYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14825577 0.14889817 0.14722554 0.14781500 -0.00044100
Prev. Close Volume Bid Ask Time
0.14825577 0.14767000 0.14796000 2020-04-06 18:59:04
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