Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)
Sidelines Mode (+55) - TRYCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Dec 16th, 2020 at 0.8382584
The intermediate-term trend has been UP since Feb 1st, 2021 at 0.8833814
The short-term trend has been DOWN since Feb 17th, 2021 at 0.9209672
Smart Scan Analysis for TRYCNY
Based on our trend formula, TRYCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).