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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
US Dollar/Turkish Lira (FOREX:USDTRY)
Sidelines Mode (-50) - USDTRY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDTRY can gain momentum.
Is it time to buy, sell, or avoid USDTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTRY.
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 USDTRY
The long-term trend has been UP since Nov 10th, 2023 at 28.8503
The intermediate-term trend has been DOWN since Oct 20th, 2024 at 34.1009
The short-term trend has been DOWN since Oct 24th, 2024 at 34.2136
Smart Scan Analysis for USDTRY
Based on our trend formula, USDTRY is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.294300 | 34.341605 | 34.241700 | 34.295000 | +0.000700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.294300 | 2024-10-25 17:06:27 |