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Forex Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
Turkish Lira/Hungarian Forint (FOREX:TRYHUF)
Long-Term Downtrend (-90) - TRYHUF is in a strong downtrend that is likely to continue. While TRYHUF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TRYHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYHUF.
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 TRYHUF
The long-term trend has been DOWN since Nov 11th, 2022 at 21.1445
The intermediate-term trend has been DOWN since Apr 11th, 2024 at 11.0955
The short-term trend has been DOWN since May 1st, 2024 at 11.2205
Smart Scan Analysis for TRYHUF
Based on our trend formula, TRYHUF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.2070 | 11.2155 | 11.1490 | 11.1775 | -0.0295 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.2070 | 2024-05-06 15:46:48 |