Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
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.
MarketClub’s Trade Triangles for USDTRY
The long-term trend has been UP since Aug 25th, 2019 at 6.245880
The intermediate-term trend has been UP since Feb 4th, 2020 at 5.987000
The short-term trend has been UP since Mar 30th, 2020 at 6.504385
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).