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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)

Bear Market Rally (-75) - TRYCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYCNY as it may be in the beginning of a reversal.

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
0.22094645 0.22099414 0.22069917 0.22094591 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for TRYCNY

long term down The long-term trend has been DOWN since Sep 20th, 2021 at 0.74268230

intermediate term down The intermediate-term trend has been DOWN since Jun 16th, 2024 at 0.21719250

short term up The short-term trend has been UP since Jul 19th, 2024 at 0.21978385

Smart Scan Analysis for TRYCNY

Based on our trend formula, TRYCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for TRYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22094645 0.22099414 0.22069917 0.22094591 -0.00000100
Prev. Close Volume Bid Ask Time
0.22094645 2024-07-23 08:11:52
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