Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)
Long-Term Downtrend (-90) - TRYCNY is in a strong downtrend that is likely to continue. While TRYCNY is showing intraday strength, it remains in the confines of a bearish trend. 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 0.73313160
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.36239147
The short-term trend has been DOWN since Mar 10th, 2023 at 0.36597538
Smart Scan Analysis for TRYCNY
Based on our trend formula, TRYCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).