Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Turkish Lira/Japanese Yen (FOREX:TRYJPY)
Strong Downtrend (-100) - TRYJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Sep 16th, 2021 at 12.904
The short-term trend has been DOWN since Oct 21st, 2021 at 12.173
Smart Scan Analysis for TRYJPY
Based on our trend formula, TRYJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).