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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)

Bear Market Rally (-75) - TRYHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYHKD as it may be in the beginning of a reversal.

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
0.24175 0.24205 0.24155 0.24185 +0.00010
Entry Signal

MarketClub’s Trade Triangles for TRYHKD

long term down The long-term trend has been DOWN since Mar 13th, 2023 at 0.40965

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.24090

short term up The short-term trend has been UP since Jun 12th, 2024 at 0.24185

Smart Scan Analysis for TRYHKD

Based on our trend formula, TRYHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for TRYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24175 0.24205 0.24155 0.24185 +0.00010
Prev. Close Volume Bid Ask Time
0.24175 2024-06-13 05:43:49
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