Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)
Strong Downtrend (-100) - TRYCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TRYCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYCNY
The long-term trend has been DOWN since Sep 24th, 2021 at 0.7331316
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 0.7601722
The short-term trend has been DOWN since Sep 7th, 2021 at 0.7748824
Smart Scan Analysis for TRYCNY
Based on our trend formula, TRYCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).