Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Turkish Lira/Japanese Yen (FOREX:TRYJPY)
Bear Market Rally (-75) - TRYJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYJPY as it may be in the beginning of a reversal.
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 Aug 9th, 2023 at 5.3450
The short-term trend has been DOWN since Sep 21st, 2023 at 5.4455
Smart Scan Analysis for TRYJPY
Based on our trend formula, TRYJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).