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Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2024.
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.
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MarketClub’s Trade Triangles for TRYJPY
The long-term trend has been DOWN since Jul 24th, 2024 at 4.6230
The intermediate-term trend has been DOWN since Nov 26th, 2024 at 4.4070
The short-term trend has been UP since Dec 4th, 2024 at 4.3425
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.3460 | 4.3815 | 4.3335 | 4.3785 | +0.0325 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.3460 | 2024-12-11 07:36:25 |