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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)

Sidelines Mode (+55) - TRYHKD 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 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.

FOREX_TRYHKD
Open High Low TRYHKD Price Change
0.99290 0.99905 0.98820 0.99710 +0.00420
Entry Signal

MarketClub’s Trade Triangles for TRYHKD

long term down The long-term trend has been DOWN since Aug 25th, 2019 at 1.25650

intermediate term up The intermediate-term trend has been UP since Nov 11th, 2020 at 0.99600

short term down The short-term trend has been DOWN since Dec 1st, 2020 at 0.98275

Smart Scan Analysis for TRYHKD

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

+55
Smart Scan Analysis for TRYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.99290 0.99905 0.98820 0.99710 +0.00420
Prev. Close Volume Bid Ask Time
0.99290 2020-12-04 08:57:36
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