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.

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

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 UP since Nov 11th, 2020 at 0.99600

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

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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