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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/Turkish Lira (FOREX:USDTRY)

Countertrend Up (+85) - USDTRY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_USDTRY
Open High Low USDTRY Price Change
32.310800 32.355885 32.301005 32.345735 +0.034935
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term up The long-term trend has been UP since Nov 10th, 2023 at 28.850300

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2023 at 28.850300

short term down The short-term trend has been DOWN since Mar 17th, 2024 at 32.043145

Smart Scan Analysis for USDTRY

Based on our trend formula, USDTRY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.310800 32.355885 32.301005 32.345735 +0.034935
Prev. Close Volume Bid Ask Time
32.310800 2024-03-28 14:40:43
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