Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
Turkish Lira/US Dollar (FOREX:TRYUSD)
Bear Market Rally (-75) - TRYUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid TRYUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYUSD
The long-term trend has been DOWN since Aug 25th, 2019 at 0.16011000
The intermediate-term trend has been UP since Nov 12th, 2020 at 0.12851489
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.12928249
Smart Scan Analysis for TRYUSD
Based on our trend formula, TRYUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).