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Forex Trend Analysis Report

Prepared for you on Monday, May 10, 2021.

Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)

Strong Downtrend (-100) - TRYCNY 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 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.

FOREX_TRYCNY
Open High Low TRYCNY Price Change
0.7776030 0.7780614 0.7754432 0.7756447 -0.0019580
Entry Signal

MarketClub’s Trade Triangles for TRYCNY

long term down The long-term trend has been DOWN since Mar 21st, 2021 at 0.8214587

intermediate term down The intermediate-term trend has been DOWN since Feb 25th, 2021 at 0.8818575

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 0.8041361

Smart Scan Analysis for TRYCNY

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

-100
Smart Scan Analysis for TRYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7776030 0.7780614 0.7754432 0.7756447 -0.0019580
Prev. Close Volume Bid Ask Time
0.7776030 2021-05-10 14:26:37
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