Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)
Countertrend Down (-85) - TRYCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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 DOWN since Sep 20th, 2023 at 0.26550833
The short-term trend has been UP since Nov 9th, 2023 at 0.25254242
Smart Scan Analysis for TRYCNY
Based on our trend formula, TRYCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).