Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, January 24, 2025.
Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)
Countertrend Down (-85) - TRYCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Feb 15th, 2022 at 0.46483914
The intermediate-term trend has been DOWN since Dec 9th, 2024 at 0.20829474
The short-term trend has been UP since Jan 16th, 2025 at 0.20685379
Smart Scan Analysis for TRYCNY
Based on our trend formula, TRYCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20314109 | 0.20317436 | 0.20278598 | 0.20304832 | -0.00009300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20314109 | 2025-01-24 13:54:10 |