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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

Turkish Lira/US Dollar (FOREX:TRYUSD)

Strong Downtrend (-100) - TRYUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TRYUSD continues to fall. Traders should use caution and set stops.

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.

FOREX_TRYUSD
Open High Low TRYUSD Price Change
0.05880209 0.05890000 0.05793044 0.05797875 -0.00082300
Entry Signal

MarketClub’s Trade Triangles for TRYUSD

long term down The long-term trend has been DOWN since Sep 24th, 2021 at 0.11357500

intermediate term down The intermediate-term trend has been DOWN since Feb 15th, 2022 at 0.07317500

short term down The short-term trend has been DOWN since Jul 1st, 2022 at 0.05976393

Smart Scan Analysis for TRYUSD

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

-100
Smart Scan Analysis for TRYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05880209 0.05890000 0.05793044 0.05797875 -0.00082300
Prev. Close Volume Bid Ask Time
0.05880209 2022-07-06 07:06:50
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