Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
British Pound/Turkish Lira (FOREX:GBPTRY)
Sidelines Mode (+55) - GBPTRY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 18th, 2022 at 20.895927
The short-term trend has been DOWN since Aug 15th, 2022 at 21.722625
Smart Scan Analysis for GBPTRY
Based on our trend formula, GBPTRY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).