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Forex Trend Analysis Report
Prepared for you on Monday, November 25, 2024.
Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)
Sidelines Mode (+55) - TRYCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for TRYCNY
The long-term trend has been DOWN since May 19th, 2022 at 0.42196172
The intermediate-term trend has been UP since Oct 14th, 2024 at 0.20719526
The short-term trend has been DOWN since Nov 25th, 2024 at 0.20940453
Smart Scan Analysis for TRYCNY
Based on our trend formula, TRYCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20977891 | 0.20979714 | 0.20936434 | 0.20952596 | -0.00025300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20977891 | 2024-11-25 08:35:14 |