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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

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
0.03020436 0.03022500 0.03019000 0.03021500 +0.00001100
Entry Signal

MarketClub’s Trade Triangles for TRYUSD

long term down The long-term trend has been DOWN since Nov 5th, 2023 at 0.0350150

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.0308581

short term down The short-term trend has been DOWN since Jul 10th, 2024 at 0.0303400

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
0.03020436 0.03022500 0.03019000 0.03021500 +0.00001100
Prev. Close Volume Bid Ask Time
0.03020436 2024-07-18 04:52:25
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