Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Turkish Lira/Japanese Yen (FOREX:TRYJPY)
Crossroads (-60) - TRYJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TRYJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYJPY
The long-term trend has been UP since Jan 6th, 2021 at 14.158
The intermediate-term trend has been DOWN since Feb 25th, 2021 at 14.316
The short-term trend has been DOWN since Feb 22nd, 2021 at 15.055
Smart Scan Analysis for TRYJPY
Based on our trend formula, TRYJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).