Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Countertrend Down (-85) - TRYHKD 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 TRYHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYHKD
The long-term trend has been DOWN since Sep 24th, 2021 at 0.88135
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 0.91290
The short-term trend has been UP since Oct 26th, 2021 at 0.81865
Smart Scan Analysis for TRYHKD
Based on our trend formula, TRYHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).