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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 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.

FOREX_TRYJPY
Open High Low TRYJPY Price Change
4.8745 4.8745 4.8495 4.8595 -0.0150
Entry Signal

MarketClub’s Trade Triangles for TRYJPY

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 7.3265

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2024 at 4.7700

short term down The short-term trend has been DOWN since May 28th, 2024 at 4.8525

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).

-55
Smart Scan Analysis for TRYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8745 4.8745 4.8495 4.8595 -0.0150
Prev. Close Volume Bid Ask Time
4.8745 2024-05-30 02:29:11
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