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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

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.

FOREX_USDTRY
Open High Low USDTRY Price Change
7.540550 7.781100 7.524710 7.773155 +0.232605
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term down The long-term trend has been DOWN since Dec 30th, 2020 at 7.330775

intermediate term up The intermediate-term trend has been UP since Feb 25th, 2021 at 7.317000

short term up The short-term trend has been UP since Feb 17th, 2021 at 7.039795

Smart Scan Analysis for USDTRY

Based on our trend formula, USDTRY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.540550 7.781100 7.524710 7.773155 +0.232605
Prev. Close Volume Bid Ask Time
7.540550 2021-03-08 20:39:28
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