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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Turkish Lira/Hungarian Forint (FOREX:TRYHUF)

Strong Downtrend (-100) - TRYHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TRYHUF continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid TRYHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for TRYHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TRYHUF
Open High Low TRYHUF Price Change
11.2960 11.3630 11.2725 11.2865 -0.0095
Entry Signal

MarketClub’s Trade Triangles for TRYHUF

long term down The long-term trend has been DOWN since Nov 11th, 2022 at 21.1445

intermediate term down The intermediate-term trend has been DOWN since Mar 3rd, 2024 at 11.4415

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 11.1000

Smart Scan Analysis for TRYHUF

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

-100
Smart Scan Analysis for TRYHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.2960 11.3630 11.2725 11.2865 -0.0095
Prev. Close Volume Bid Ask Time
11.2960 2024-03-28 17:26:44
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