Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

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
0.24587713	0.24604990	0.24478983	0.24601001	+0.00013300
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 Sep 20th, 2023 at 0.26550833

The short-term trend has been UP since Nov 30th, 2023 at 0.24592856

Smart Scan Analysis for TRYCNY

Based on our trend formula, TRYCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.24587713	0.24604990	0.24478983	0.24601001	+0.00013300
Prev. Close	Volume	Bid	Ask	Time
0.24587713				2023-12-07 12:22:16

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