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Forex Trend Analysis Report

Prepared for you on Tuesday, May 11, 2021.

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
8.281795 8.322865 8.274800 8.286800 +0.005005
Entry Signal

MarketClub’s Trade Triangles for USDTRY

long term up The long-term trend has been UP since Mar 21st, 2021 at 8.027405

intermediate term up The intermediate-term trend has been UP since Feb 25th, 2021 at 7.317000

short term up The short-term trend has been UP since Apr 20th, 2021 at 8.109500

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
8.281795 8.322865 8.274800 8.286800 +0.005005
Prev. Close Volume Bid Ask Time
8.281795 2021-05-11 16:20:00
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