Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/Turkish Lira (FOREX:USDTRY)
Bull Market Weakness (+75) - USDTRY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDTRY as it may be in the beginning stages of a reversal.
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 DOWN since Dec 30th, 2020 at 7.330775
The intermediate-term trend has been UP since Feb 25th, 2021 at 7.317000
The short-term trend has been UP since Feb 17th, 2021 at 7.039795
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).