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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Turkish Lira/Japanese Yen (FOREX:TRYJPY)

Long-Term Downtrend (-90) - TRYJPY is in a strong downtrend that is likely to continue. While TRYJPY is showing intraday strength, it remains in the confines of a bearish trend. 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
7.4165 7.4325 7.4105 7.4220 +0.0055
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 Jul 19th, 2022 at 7.829

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 7.481

Smart Scan Analysis for TRYJPY

Based on our trend formula, TRYJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TRYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.4165 7.4325 7.4105 7.4220 +0.0055
Prev. Close Volume Bid Ask Time
7.4165 2022-08-15 03:05:43
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