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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)

Long-Term Downtrend (-90) - TRYCNY is in a strong downtrend that is likely to continue. While TRYCNY is showing intraday strength, it remains in the confines of a bearish trend. 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
0.20689939 0.20718235 0.20679977 0.20714323 +0.00024400
Entry Signal

MarketClub’s Trade Triangles for TRYCNY

long term down The long-term trend has been DOWN since Dec 28th, 2021 at 0.54720430

intermediate term down The intermediate-term trend has been DOWN since Dec 9th, 2024 at 0.20829474

short term down The short-term trend has been DOWN since Dec 24th, 2024 at 0.20700325

Smart Scan Analysis for TRYCNY

Based on our trend formula, TRYCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TRYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20689939 0.20718235 0.20679977 0.20714323 +0.00024400
Prev. Close Volume Bid Ask Time
0.20689939 2024-12-26 05:45:31
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