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Forex Trend Analysis Report

Prepared for you on Tuesday, August 11, 2020.

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
0.13636000 0.13886060 0.13605999 0.13779889 +0.00143900
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 Jul 27th, 2020 at 0.14544474

short term down The short-term trend has been DOWN since Aug 5th, 2020 at 0.14292917

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
0.13636000 0.13886060 0.13605999 0.13779889 +0.00143900
Prev. Close Volume Bid Ask Time
0.13636000 0.13718889 0.13840888 2020-08-11 21:23:23
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