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.
MarketClub’s Trade Triangles for USDTRY
The long-term trend has been UP since Sep 23rd, 2021 at 8.798515
The intermediate-term trend has been DOWN since Dec 21st, 2021 at 12.326600
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).