Forex Trend Analysis Report

Prepared for you on Saturday, May 4, 2024.

Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)

Bear Market Rally (-75) - TRYCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYCNY as it may be in the beginning of a reversal.

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.

Open	High	Low	TRYCNY Price	Change
0.21795707	0.21881691	0.21767506	0.21874830	+0.00079100
Entry Signal

MarketClub’s Trade Triangles for TRYCNY

The long-term trend has been DOWN since Sep 24th, 2021 at 0.73313160

The intermediate-term trend has been DOWN since Apr 11th, 2024 at 0.21803554

The short-term trend has been DOWN since May 2nd, 2024 at 0.21797217

Smart Scan Analysis for TRYCNY

Based on our trend formula, TRYCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.21795707	0.21881691	0.21767506	0.21874830	+0.00079100
Prev. Close	Volume	Bid	Ask	Time
0.21795707				2024-05-03 16:06:45

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