Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Strong Downtrend (-100) - TRYHKD 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 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 Aug 25th, 2019 at 1.25650
The intermediate-term trend has been DOWN since Jan 30th, 2020 at 1.29815
The short-term trend has been DOWN since Mar 30th, 2020 at 1.19215
Smart Scan Analysis for TRYHKD
Based on our trend formula, TRYHKD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).