Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)

Crossroads (+60) - TRYCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid TRYCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for TRYCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	TRYCNY Price	Change
0.21943827	0.22049209	0.21885883	0.21978408	+0.00034600
Entry Signal

MarketClub’s Trade Triangles for TRYCNY

The long-term trend has been DOWN since Sep 24th, 2021 at 0.73313160

The intermediate-term trend has been UP since May 6th, 2024 at 0.21982542

The short-term trend has been UP since May 6th, 2024 at 0.21951491

Smart Scan Analysis for TRYCNY

Based on our trend formula, TRYCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.21943827	0.22049209	0.21885883	0.21978408	+0.00034600
Prev. Close	Volume	Bid	Ask	Time
0.21943827				2024-05-09 12:26:24

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