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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Chinese Yuan Renminbi/Turkish Lira (FOREX:CNYTRY)

Bull Market Weakness (+75) - CNYTRY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYTRY as it may be in the beginning stages of a reversal.

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

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

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

FOREX_CNYTRY
Open High Low CNYTRY Price Change
1.1592715 1.1933894 1.1555822 1.1909498 +0.0316780
Entry Signal

MarketClub’s Trade Triangles for CNYTRY

long term down The long-term trend has been DOWN since Dec 16th, 2020 at 1.1915180

intermediate term up The intermediate-term trend has been UP since Feb 25th, 2021 at 1.1391725

short term up The short-term trend has been UP since Feb 17th, 2021 at 1.0906660

Smart Scan Analysis for CNYTRY

Based on our trend formula, CNYTRY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CNYTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1592715 1.1933894 1.1555822 1.1909498 +0.0316780
Prev. Close Volume Bid Ask Time
1.1592715 2021-03-08 17:28:12
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