Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
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 Mar 13th, 2023 at 0.40965
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.40980
The short-term trend has been UP since Mar 21st, 2023 at 0.41315
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).