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.
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 Mar 13th, 2023 at 19.110150
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).