Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Chinese Yuan Renminbi/Turkish Lira (FOREX:CNYTRY)
Long-Term Uptrend (+90) - CNYTRY is in a strong uptrend that is likely to continue. While CNYTRY 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 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.
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 UP since Sep 13th, 2023 at 3.8162890
The short-term trend has been UP since Nov 24th, 2023 at 4.1289590
Smart Scan Analysis for CNYTRY
Based on our trend formula, CNYTRY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).