Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Turkish Lira/Hungarian Forint (FOREX:TRYHUF)
Sidelines Mode (-55) - TRYHUF 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 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.
MarketClub’s Trade Triangles for TRYHUF
The long-term trend has been DOWN since Mar 21st, 2021 at 36.5025
The intermediate-term trend has been DOWN since Jul 18th, 2022 at 22.4870
The short-term trend has been UP since Aug 15th, 2022 at 21.5315
Smart Scan Analysis for TRYHUF
Based on our trend formula, TRYHUF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).