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.
MarketClub’s Trade Triangles for CNYTRY
The long-term trend has been DOWN since Dec 16th, 2020 at 1.1915180
The intermediate-term trend has been UP since Feb 25th, 2021 at 1.1391725
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).