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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

US Dollar/Turkish Lira (FOREX:USDTRY)

Countertrend Up (+85) - USDTRY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
19.020790 19.035615 18.979075 19.032160 +0.011370
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 up The intermediate-term trend has been UP since Mar 13th, 2023 at 19.110150

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 18.988500

Smart Scan Analysis for USDTRY

Based on our trend formula, USDTRY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.020790 19.035615 18.979075 19.032160 +0.011370
Prev. Close Volume Bid Ask Time
19.020790 2023-03-21 11:20:54
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