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.
MarketClub’s Trade Triangles for TRYJPY
The long-term trend has been DOWN since Oct 13th, 2021 at 12.423
The intermediate-term trend has been DOWN since Jul 19th, 2022 at 7.829
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).