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Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
Turkish Lira/Japanese Yen (FOREX:TRYJPY)
Bull Market Weakness (+75) - TRYJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TRYJPY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid TRYJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TRYJPY
The long-term trend has been DOWN since Dec 1st, 2022 at 7.3265
The intermediate-term trend has been UP since Apr 1st, 2024 at 4.7700
The short-term trend has been UP since May 7th, 2024 at 4.7910
Smart Scan Analysis for TRYJPY
Based on our trend formula, TRYJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.8260 | 4.8460 | 4.8125 | 4.8420 | +0.0160 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.8260 | 2024-05-10 12:51:51 |