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.
MarketClub’s Trade Triangles for TRYCNY
The long-term trend has been DOWN since Sep 24th, 2021 at 0.73313160
The intermediate-term trend has been UP since Aug 22nd, 2022 at 0.37875006
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).