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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Hong Kong Dollar/Turkish Lira (FOREX:HKDTRY)

Sidelines Mode (-55) - HKDTRY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HKDTRY?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDTRY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDTRY
Open High Low HKDTRY Price Change
0.8791585 0.8800285 0.8773480 0.8776830 -0.0014750
Entry Signal

MarketClub’s Trade Triangles for HKDTRY

long term up The long-term trend has been UP since Aug 25th, 2019 at 0.795835

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2020 at 0.890115

short term up The short-term trend has been UP since May 28th, 2020 at 0.879205

Smart Scan Analysis for HKDTRY

Based on our trend formula, HKDTRY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HKDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8791585 0.8800285 0.8773480 0.8776830 -0.0014750
Prev. Close Volume Bid Ask Time
0.8791585 0.8771550 0.8782110 2020-06-02 01:15:37
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