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Forex Trend Analysis Report

Prepared for you on Thursday, December 8, 2022.

US Dollar/Turkish Lira (FOREX:USDTRY)

Long-Term Uptrend (+90) - USDTRY is in a strong uptrend that is likely to continue. While USDTRY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
18.642300 18.647685 18.629600 18.638900 -0.003400
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term up The long-term trend has been UP since Sep 23rd, 2021 at 8.798515

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2022 at 18.660800

short term up The short-term trend has been UP since Dec 5th, 2022 at 18.700245

Smart Scan Analysis for USDTRY

Based on our trend formula, USDTRY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.642300 18.647685 18.629600 18.638900 -0.003400
Prev. Close Volume Bid Ask Time
18.642300 2022-12-08 01:14:57
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