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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Turkish Lira/Japanese Yen (FOREX:TRYJPY)

Strong Downtrend (-100) - TRYJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

FOREX_TRYJPY
Open High Low TRYJPY Price Change
11.9605 12.0065 11.8010 11.8555 -0.1050
Entry Signal

MarketClub’s Trade Triangles for TRYJPY

long term down The long-term trend has been DOWN since Oct 13th, 2021 at 12.423

intermediate term down The intermediate-term trend has been DOWN since Sep 16th, 2021 at 12.904

short term down The short-term trend has been DOWN since Oct 21st, 2021 at 12.173

Smart Scan Analysis for TRYJPY

Based on our trend formula, TRYJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for TRYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.9605 12.0065 11.8010 11.8555 -0.1050
Prev. Close Volume Bid Ask Time
11.9605 2021-10-22 05:49:43
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