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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Turkish Lira/Hungarian Forint (FOREX:TRYHUF)
Countertrend Up (+85) - TRYHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for TRYHUF
The long-term trend has been UP since Nov 5th, 2024 at 11.1130
The intermediate-term trend has been UP since Oct 2nd, 2024 at 10.6100
The short-term trend has been DOWN since Nov 18th, 2024 at 11.1115
Smart Scan Analysis for TRYHUF
Based on our trend formula, TRYHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.1820 | 11.2285 | 11.1435 | 11.2285 | +0.0465 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.1820 | 2024-11-20 03:47:35 |