Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
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 UP since Nov 10th, 2023 at 28.850300
The intermediate-term trend has been UP since Nov 10th, 2023 at 28.850300
The short-term trend has been DOWN since Nov 30th, 2023 at 28.890725
Smart Scan Analysis for USDTRY
Based on our trend formula, USDTRY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).