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.
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).