Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Turkish Lira/Japanese Yen (FOREX:TRYJPY)
Sidelines Mode (+55) - TRYJPY 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 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 DOWN since Dec 1st, 2022 at 7.3265
The intermediate-term trend has been UP since Apr 1st, 2024 at 4.7700
The short-term trend has been DOWN since Apr 18th, 2024 at 4.7170
Smart Scan Analysis for TRYJPY
Based on our trend formula, TRYJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.701 | 4.738 | 4.701 | 4.723 | +0.022 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.701 | 2024-04-19 00:37:20 |