Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Turkish Lira/Hungarian Forint (FOREX:TRYHUF)
Long-Term Downtrend (-90) - TRYHUF is in a strong downtrend that is likely to continue. While TRYHUF is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for TRYHUF
The long-term trend has been DOWN since Dec 17th, 2019 at 50.2275
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 50.8090
The short-term trend has been DOWN since Feb 21st, 2020 at 50.8675
Smart Scan Analysis for TRYHUF
Based on our trend formula, TRYHUF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).