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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Turkish Lira (FOREX:CNYTRY)
Sidelines Mode (-55) - CNYTRY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CNYTRY
The long-term trend has been UP since Dec 2nd, 2022 at 2.6546381
The intermediate-term trend has been DOWN since Oct 14th, 2024 at 4.8223565
The short-term trend has been UP since Nov 19th, 2024 at 4.7946734
Smart Scan Analysis for CNYTRY
Based on our trend formula, CNYTRY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.7608847 | 4.7778104 | 4.7604400 | 4.7652196 | +0.0043350 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7608847 | 2024-11-20 03:49:10 |