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.

FOREX_TRYCNY
Open High Low TRYCNY Price Change
0.20314109 0.20317436 0.20278598 0.20304832 -0.00009300
Entry Signal

MarketClub’s Trade Triangles for TRYCNY

long term down The long-term trend has been DOWN since Feb 15th, 2022 at 0.46483914

intermediate term down The intermediate-term trend has been DOWN since Dec 9th, 2024 at 0.20829474

short term up 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).

-85
Smart Scan Analysis for TRYCNY
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Turkish Lira/Chinese Yuan Renminbi (TRYCNY) - Request Your Free Report.