Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)
Bull Market Weakness (+75) - TRYCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TRYCNY as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for TRYCNY
The long-term trend has been DOWN since May 19th, 2022 at 0.42196172
The intermediate-term trend has been UP since Oct 14th, 2024 at 0.20719526
The short-term trend has been UP since Nov 20th, 2024 at 0.21024813
Smart Scan Analysis for TRYCNY
Based on our trend formula, TRYCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20998916 | 0.21000258 | 0.20952343 | 0.20988410 | -0.00010500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20998916 | 2024-11-21 06:34:20 |