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.
MarketClub’s Trade Triangles for HKDTRY
The long-term trend has been UP since Aug 25th, 2019 at 0.795835
The intermediate-term trend has been DOWN since May 17th, 2020 at 0.890115
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).