Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
British Pound/Turkish Lira (FOREX:GBPTRY)
Bull Market Weakness (+75) - GBPTRY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPTRY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPTRY
The long-term trend has been UP since Oct 8th, 2021 at 12.178610
The intermediate-term trend has been UP since Sep 16th, 2021 at 11.765119
The short-term trend has been DOWN since Oct 20th, 2021 at 12.693120
Smart Scan Analysis for GBPTRY
Based on our trend formula, GBPTRY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).