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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

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
15.7965 15.8315 15.7515 15.8035 +0.0070
Entry Signal

MarketClub’s Trade Triangles for TRYJPY

long term down The long-term trend has been DOWN since Oct 8th, 2017 at 30.6340

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 15.5530

short term down The short-term trend has been DOWN since May 28th, 2020 at 15.7975

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
15.7965 15.8315 15.7515 15.8035 +0.0070
Prev. Close Volume Bid Ask Time
15.7965 15.7960 15.8110 2020-06-01 12:59:57
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