Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Crossroads (-60) - TRYHKD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for TRYHKD
The long-term trend has been UP since Dec 30th, 2020 at 1.05725
The intermediate-term trend has been DOWN since Feb 25th, 2021 at 1.05980
The short-term trend has been DOWN since Feb 17th, 2021 at 1.10215
Smart Scan Analysis for TRYHKD
Based on our trend formula, TRYHKD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).