Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)

Countertrend Down (-85) - TRYCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

Open	High	Low	TRYCNY Price	Change
0.21747216	0.21895713	0.21742624	0.21803537	+0.00056300
Entry Signal

MarketClub’s Trade Triangles for TRYCNY

The long-term trend has been DOWN since Sep 24th, 2021 at 0.73313160

The intermediate-term trend has been DOWN since Apr 11th, 2024 at 0.21803554

The short-term trend has been UP since Apr 23rd, 2024 at 0.21855643

Smart Scan Analysis for TRYCNY

Based on our trend formula, TRYCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.21747216	0.21895713	0.21742624	0.21803537	+0.00056300
Prev. Close	Volume	Bid	Ask	Time
0.21747216				2024-04-23 21:37:45

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