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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Chinese Yuan Renminbi/Turkish Lira (FOREX:CNYTRY)

Weak Uptrend (+65) - CNYTRY is showing signs of weakening momentum to the upside. Monitor CNYTRY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNYTRY?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYTRY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYTRY
Open High Low CNYTRY Price Change
4.5381782 4.5699497 4.5311109 4.5383340 +0.0001560
Entry Signal

MarketClub’s Trade Triangles for CNYTRY

long term up The long-term trend has been UP since Dec 2nd, 2022 at 2.6546381

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 4.3716933

short term down The short-term trend has been DOWN since May 20th, 2024 at 4.5323397

Smart Scan Analysis for CNYTRY

Based on our trend formula, CNYTRY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5381782 4.5699497 4.5311109 4.5383340 +0.0001560
Prev. Close Volume Bid Ask Time
4.5381782 2024-05-22 06:56:42
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