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.
MarketClub’s Trade Triangles for USDTRY
The long-term trend has been UP since Aug 25th, 2019 at 6.24588
The intermediate-term trend has been DOWN since May 17th, 2020 at 6.89975
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).