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Forex Trend Analysis Report

Prepared for you on Saturday, September 24, 2022.

Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)

Crossroads (+60) - TRYCNY is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_TRYCNY
Open High Low TRYCNY Price Change
0.38707887 0.38728737 0.38601578 0.38708232 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for TRYCNY

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

intermediate term up The intermediate-term trend has been UP since Aug 22nd, 2022 at 0.37875006

short term up The short-term trend has been UP since Sep 15th, 2022 at 0.38193053

Smart Scan Analysis for TRYCNY

Based on our trend formula, TRYCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for TRYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38707887 0.38728737 0.38601578 0.38708232 +0.00000300
Prev. Close Volume Bid Ask Time
0.38708232 2022-09-23 17:10:10
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