Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
US Dollar/Turkish Lira (FOREX:USDTRY)
Strong Uptrend (+100) - USDTRY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDTRY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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.
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 UP since Sep 16th, 2021 at 8.515790
The short-term trend has been UP since Sep 23rd, 2021 at 8.723500
Smart Scan Analysis for USDTRY
Based on our trend formula, USDTRY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).