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Forex Trend Analysis Report

Prepared for you on Friday, January 21, 2022.

US Dollar/Turkish Lira (FOREX:USDTRY)

Weak Downtrend (-65) - USDTRY is showing signs of a strengthening downtrend. Monitor USDTRY as it may be building momentum to the downside.

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.

FOREX_USDTRY
Open High Low USDTRY Price Change
13.412200 13.465165 13.380500 13.411890 -0.000310
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term up The long-term trend has been UP since Sep 23rd, 2021 at 8.798515

intermediate term down The intermediate-term trend has been DOWN since Dec 21st, 2021 at 12.326600

short term down The short-term trend has been DOWN since Jan 20th, 2022 at 13.342240

Smart Scan Analysis for USDTRY

Based on our trend formula, USDTRY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.412200 13.465165 13.380500 13.411890 -0.000310
Prev. Close Volume Bid Ask Time
13.412200 2022-01-21 04:12:49
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