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.
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).