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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

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.

FOREX_TRYCNY
Open High Low TRYCNY Price Change
0.22011626 0.22011626 0.22011626 0.22011626 0.00000000
Entry Signal

MarketClub’s Trade Triangles for TRYCNY

long term down The long-term trend has been DOWN since Sep 20th, 2021 at 0.74268230

intermediate term down The intermediate-term trend has been DOWN since Jun 16th, 2024 at 0.21719250

short term up The short-term trend has been UP since Jul 19th, 2024 at 0.21978385

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).

-85
Smart Scan Analysis for TRYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22011626 0.22011626 0.22011626 0.22011626 0.00000000
Prev. Close Volume Bid Ask Time
0.22011626 2024-07-21 14:35:46
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