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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

US Dollar/Turkish Lira (FOREX:USDTRY)

Crossroads (-60) - USDTRY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
6.811070 6.817500 6.806125 6.815000 +0.003930
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term up The long-term trend has been UP since Aug 25th, 2019 at 6.24588

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2020 at 6.89975

short term down The short-term trend has been DOWN since May 12th, 2020 at 7.06170

Smart Scan Analysis for USDTRY

Based on our trend formula, USDTRY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.811070 6.817500 6.806125 6.815000 +0.003930
Prev. Close Volume Bid Ask Time
6.811070 6.814000 6.816000 2020-05-25 05:24:30
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