Forex Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
Turkish Lira/Chinese Yuan Renminbi (FOREX:TRYCNY)
Strong Downtrend (-100) - TRYCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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 Mar 21st, 2021 at 0.8214587
The intermediate-term trend has been DOWN since Feb 25th, 2021 at 0.8818575
The short-term trend has been DOWN since Apr 19th, 2021 at 0.8041361
Smart Scan Analysis for TRYCNY
Based on our trend formula, TRYCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).