Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
US Dollar/Turkish Lira (FOREX:USDTRY)
Strong Uptrend (+100) - USDTRY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDTRY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for USDTRY
The long-term trend has been UP since Aug 25th, 2019 at 6.24588
The intermediate-term trend has been UP since Jul 27th, 2020 at 6.87549
The short-term trend has been UP since Aug 5th, 2020 at 7.02954
Smart Scan Analysis for USDTRY
Based on our trend formula, USDTRY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).